This site uses cookies. Browsing the site, you agree to the use of cookies. If you need more information, please visit the Cookies Policy page
Subscribe
Прямой эфир
Cryptocurrencies: 3812 / Markets: 22519
Market Cap: $ 250 171 966 574 / 24h Vol: $ 101 378 308 030 / BTC Dominance: 65.4875%

Н News

Open Interest on CME Bitcoin Options Is Up 1000% So Far This Month

528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84YTAyNThhNjFkYzg5NzQ3NTI1MDIxNWE3ZDgwYmViOS5qcGc=.jpg

CME Bitcoin options open interest has soared to $142 million in the first half of May, marking an increase of over 10 times the value at the end of last month.

Open interest on Chicago Mercantile Exchange Bitcoin options has skyrocketed over the past few days, to hit $142 million as of May 15.

According to data from market analytics company, Skew, this represents a gain of over 1000% from just $12 million of open interest at the end of April.

Bitcoin halving sees massive interest in options trading

CME saw an initial spike in options volume on May 5 and May 6, with both days pushing towards $10 million. However this dropped off to a more usual $1 million on Friday May 8, the last trading day before the Bitcoin halving.

Options volume on the day of the halving, May 11, leapt back up to $17 million, and each of the three days since then has seen volume of between $30 million and $40 million.

This brought the open interest to $142 million at close of business yesterday, over 10 times the amount registered at the end of April.

Institutional investment is still on the rise

As Cointelegraph reported, institutional investment in Bitcoin (BTC) has continued to rise in the build up to and following Monday’s Bitcoin halving.

Notably, companies such as Grayscale and Fidelity Digital have reported increased interest, and hedge fund manager Paul Tudor Jones recently claimed that almost 2% of his equity is held in Bitcoin

Open interest in CME’s Bitcoin futures also hit an all-time high last week.

Source

comments powered by Disqus