Institutions bet big on Bitcoin through CME’s Bitcoin futures

posted 10 months ago
According to data from CME Group, the world’s largest futures and options exchange, Bitcoin futures open interest—expressed in contract terms—grew by at least 100% for eight months in a row continuing through in February 2021. Furthermore, the capital tied up in these contracts grew at an exponential 1,405% annual rate from $156 million at the end of February 2020 to $2.34 billion a year later.

Now that Bitcoin seems to have gained institutional acceptance, as evidenced by the adoption of CME’s Bitcoin futures, these products may be the bellwethers that signal the industry’s longer-term trajectory.
Tags: news, opinion, bitcoin