Last week, the long-awaited start of trading in the first exchange-traded fund (ETF) in the history of the United States, pegged to BTC futures, took place on the New York Stock Exchange. The market met this event with explosive interest, and now statistics from the analytical resource Glassnode have again confirmed this.
CME has updated the record
By data Glassnode, the CME Group’s Chicago Mercantile Exchange, one of the world’s leading derivatives trading platforms, set a record against this backdrop. The open interest indicator (OI) for futures updated its all-time high on the CME, soaring to $ 5.44 billion.
Open Interest is the total number of open-ended contracts for various derivatives such as options and futures.
Glassnode experts noted that the indicator of open interest rose by almost $ 4 billion in October. Compared to the end of September, the increase was an impressive 256%. Analysts believe that the driver of this growth “was partly the launch of trading in the $ BITO ETF product.” As a reminder, the CME platform now trades contracts for two new BTC-ETFs.
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