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Institutional Interest in Bitcoin is Increasing: Open Interest (OI) in Bitcoin Futures on the Chicago Mercantile Exchange (CME) Reaches a New Record of $12.26 Billion
As of October 18, the open interest (OI) in Bitcoin futures traded on the Chicago Mercantile Exchange (CME) reached a new record of $12.26 billion. This represents a sharp increase of over 36% in just two weeks, surpassing the previous record set in April 2023. The rise in OI suggests that more institutional players, such as hedge funds and asset managers, are actively taking positions in Bitcoin futures, likely in anticipation of ongoing price volatility or upward momentum.
CME, one of the largest regulated derivatives exchanges, is preferred by institutional investors due to its regulatory clarity and structured environment. This record-breaking activity underscores the growing institutional adoption of Bitcoin, further solidifying its position as a significant asset in financial markets. The increase in OI indicates that many professional investors are positioning themselves ahead of potential market movements, signaling a shift towards greater participation from the traditional finance sector into the crypto space.
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