How Is CME Shaping Bitcoin Futures? Today


The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Today, we’ll be taking a look at the evolving role that the Chicago Mercantile Exchange (CME) has played in the bitcoin futures market. In particular, we will examine some of the trends since the ProShares Bitcoin Strategy Futures ETF (BITO) began trading in October 2021.

We covered the potential impact of a bitcoin futures ETF in The Daily Dive #080 – Bitcoin Futures ETF Impact.

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There is currently $14.7 billion of bitcoin futures open interest contracts across various exchanges and contract types, a figure equivalent to 348,000 bitcoin. 

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