Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Analysts say CME Bitcoin futures open interest has surged 80% due to spot ETF-based trading.
ADOPTION NEWS

Analysts say CME Bitcoin futures open interest has surged 80% due to spot ETF-based trading.

By Crypto FlexsJune 20, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Analysts say CME Bitcoin futures open interest has surged 80% due to spot ETF-based trading.
Share
Facebook Twitter LinkedIn Pinterest Email

Open interest is rapidly increasing as institutional investors use spot Bitcoin exchange-traded funds (ETFs) and the CME Bitcoin futures market for basis trading.

“Spot Bitcoin ​ETFs have contributed to an 80% increase in open interest in the CME Bitcoin futures market year-to-date,” Gabriel Selby, senior research analyst at CF Benchmarks, told The Block.

Selby added that this institutional investor activity could drive Bitcoin liquidity and “set the stage for a stronger, more interconnected market ecosystem.”

Number of CME futures contracts recorded after spot ETF approval

According to CF Benchmark data, there are currently less than 18,000 short-term Bitcoin contracts on CME (with a nominal value of approximately $6.3 billion). “This is well above the previous record of approximately 6,200 short-term contracts prior to the spot Bitcoin ETF approval in October 2021,” Selby said.

CME hits record number of short-term Bitcoin contracts following approval of spot Bitcoin ETF. Image: CF benchmark.

Selby attributed the increase to basis trading, which uses price benchmark adjustments between the spot Bitcoin ETF and the CME futures contract to facilitate arbitrage opportunities.

Fundamental Trading Pressure on Spot Bitcoin Price

Arbitrage opportunities between trading the difference between spot and futures prices could put pressure on the current Bitcoin spot price. When the Bitcoin futures price is higher than the spot price, buying in the spot market increases the spot price, and selling in the futures market lowers the futures price.

Conversely, if the futures price is lower than the spot price, selling in the spot market lowers the spot price, and buying in the futures market raises the futures price.

However, spot and futures prices converge over time, so arbitrage activity typically has a short-term impact on spot prices.

CF Benchmark analysts said it is difficult to say exactly how much spot Bitcoin ETFs are being used for primary trading. “On the CME side, it would be within the $6 billion notional value range,” the analyst said.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

The Complete Guide to Crypto Website Listing Directories

July 5, 2025

Crypto Directories Listing That Will Transform Your Project’s Reach

July 5, 2025

The Ultimate Guide to Hiring a Crypto Marketing Agency

July 5, 2025

Six high upside encryption coins of less than $ 20 are seen in 2025.

July 5, 2025

Valhalla Goes Today: FLOKI has been developed for 3 years and debuts the play MMORPG.

July 4, 2025

The Open Platform Is First Unicorn In Web3 Ecosystem In Telegram At $1bn Valuation

July 3, 2025

The mindset of Retail Investors

July 3, 2025

Cooking.City Bringing Back Value Redistribution To Solana Fair Launches

July 3, 2025

XRP rebounds are interested in APT miners cloud mining.

July 3, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

Best Crypto PR Agency Packages : What to Look For & Where to Start

July 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The Complete Guide to Crypto Website Listing Directories

July 5, 2025

Crypto Directories Listing That Will Transform Your Project’s Reach

July 5, 2025

The Ultimate Guide to Hiring a Crypto Marketing Agency

July 5, 2025
Most Popular

Coinbase Adds Support for Blockchain-Based Web3 Strategy Game Token BLOCKLORDS (LRDS)

July 25, 2024

NVIDIA VGPU 18.0 expands AI features on virtual platforms.

March 20, 2025

Digital avatars transform customer service with AI-powered interactions.

December 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.