Oct 11th 2021
Institutional traders have woken up - CME’s share of the global open interest in the BTC futures market reaches Q1 highs
Institutional traders have returned to bitcoin. CME’s share of the global open interest in the bitcoin futures reaches 17%, the highest level recorded since February 2021.
Source: Skew.com
CME’s open interest is growing at a rapid rate. From September 28th until today, the open interest on CME’s bitcoin futures has more than doubled from $1.5 billion to $3.3 billion.
The growing open interest on CME has by far outpaced the broad bitcoin futures market, leading CME’s share of the OI in the BTC futures market to grow from 12% to 17% in the last two weeks.