Open Interest in CME Bitcoin Futures Rises 70% as Institutions Return to Market
Open interest in bitcoin futures listed on the CME has recovered significantly from March’s lows, signaling a resurgence of institutional participation.
A financially settled and U.S. regulated ether futures product makes all the difference.
The ether rally appears to be more organic and driven from within the crypto industry.
The difference between bitcoin futures premium on CME and other crypto exchanges has widened since the end of March, when Bill Hwang’s troubles surfaced.
Monday's plunge has erased almost all the gains the leading cryptocurrency had achieved in the new year.
The Chicago Mercantile Exchange (CME) announced Wednesday it will launch a futures contract on ether, the world's second-largest cryptocurrency by market value, in February.