Glassnode: Bitcoin ETF Reaches Open Interest and Volume on CME Group BTC Futures
Golden Financial announced that CME Group's future BTC open interest volume and volume reached record highs with the Bitcoin ETF announcement, according to Glassnode's new data analysis. Labor contracts were broken in October, rising from $ 3.95 billion (265%) to an all-time high of $ 5.44 billion, opening the position in CME Exchange futures. Additionally, on October 20, the same day that Bitcoin hit an all-time high, the exchange hit a new all-time high of $ 7.66 billion. Compared to the previous record set in February 2021, CME futures traders increased their trading assets by over $ 490 million. However, weakness in future asset-backed earnings remains bearish and cryptocurrency-backed bond futures have fallen from 70.1% in April (at the time of listing on Coinbase) to 44.6% now. .
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