The variety of open contracts for the Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures is reportedly at an all-time excessive, cryptocurrency information outlet Coindesk reported on June 3.
According to seen knowledge launched by the United States Commodity Futures Trading Commission (CFTC) knowledge, the variety of open positions for the aforementioned future contract within the week from May 27 to June Three is 5,190.
Coindesk claims that that is the very best variety of open positions that CME’s bitcoin futures have ever reported and a 7% improve over the earlier week.
Per the report, the latest improve in futures buying and selling exercise could possibly be an indication of elevated institutional curiosity in bitcoin. This is a continuation of the development these days reported by the bitcoin futures, that additionally noticed document quantity on May 13.
As Cointelegraph reported on the time, CME’s bitcoin futures have been additionally anticipated to hit new heights in May. CME purportedly revealed that the common day by day bitcoin futures buying and selling quantity hit a brand new excessive of 14,000 contracts in May 2019.
An unnamed official allegedly stated originally of final month that the CFTC is open to the thought of ether (ETH) futures buying and selling, ought to the product meet the CFTC’s numerous necessities.