Open Interest of Bitcoin futures on CME reaches 8-month high
The open interest of Bitcoin (BTC) futures traded on the Chicago Mercantile Exchange (CME) skyrocketed on October 15th, $3.64 billion, almost $40 million higher than its All-Time High (ATH) recorded in February 2021.
It was revealed that ETFs linked to BTC futures prices are expected to list in the United States as early as this week, triggering an upward trend on the CME.
As per data by Bybit, Bitcoin futures open interest at CME hit a record high of $3.64 billion on October 15, surpassing the $ 3.26 billion recorded in February this year. Also, as per Glassnode data, Bitcoin futures contract volume at CME increased by 60% to 56,410.
US asset management company ProShares recently submitted the latest filing Bitcoin futures ETF “Bitcoin Strategy ETF” to the US Securities and Exchange Commission (SEC) on the 15th. The company wants the ETF to trade on the New York Stock Exchange’s ARCA and launch as early as the 18th of this month.
Invesco and Valkyrie have also announced plans to list Bitcoin futures ETFs to trade on the exchange.
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OhNoCryptocurrency via https://www.ohnocrypto.com/ @Gauri Bhatia, @Khareem Sudlow