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BTC Future Open Interest Bitcoin ETF’s Official Launch – Bitcoin News


According to Coinbase Institutional Arm Skew Analytics, before the launch of Proshares Bitcoin Strategy ETF (BITO), open interest in Bitcoin futures products has increased since the beginning of the month. Binance and FTX indicate the lion’s share of open interest in Bitcoin futures with 40.67% of the market. Moreover, according to data from Bybt.com’s Bitcoin Futures Open Interest Metrics, the Chicago Mercantile Exchange (CME) commands 15.54% of all open interest in Bitcoin futures this week.

Bitcoin futures open interest has increased significantly

On Tuesday, October 19, 2021, the first exchange-traded fund based on Bitcoin futures was launched in the United States. So far, Proshares is trading above the initial value of the Bitcoin Strategy ETF (BITO) ETF when the opening bell starts kick-trading.

BTC Future Open Interest Bitcoin is heading towards the official launch of ETF
Proshares Bitcoin Strategy ETF (BITO) first day of its trading at 12:00 pm (EST) on October 19, 2021.

Since the first Bitcoin ETF was based on the BTC Derivatives market, a large flow of Bitcoin futures was recorded by many analytical web portals before launch.

On October 12, Coinbase Institution’s Skew Analytics tweeted about the wide open interest arising from the Bitcoin futures market. “Bitcoin futures open interest has been rising since the beginning of the month,” the official Coinbase Institutional School Twitter account Said.

BTC Future Open Interest Bitcoin is heading towards the official launch of ETF
Chart shared by the official Coinbase Institutional Skew Twitter account.

In addition, the account noted that the markets for BTC options were quite different. “The Bitcoin options market is cautiously in front of ETF catalysts. It looks like Schu is returning to positive territory,” Schu said. Commented The next day.

Binance, FTX command 40.67% Bitcoin open interest – CME group capture close to 16%

Bybt.com’s data indicate that Beyonc শাস rules Roast as much as possible about the dominance of open interest in Bitcoin futures. Statistics indicate that 23.5% of all Bitcoin open interest in the BTC Derivatives market today indicates Binance.

BTC Future Open Interest Bitcoin is heading towards the official launch of ETF
The total open interest (OI) on October 19, 2021 was 374.98 BTC or .5 23.57 billion. Data via Bybt.com.

The exchange recorded about 5. 5.54 billion, while the FTX exchange captured about 0 4.05 billion or 17.17%. CME Group’s Open Interest (OI) matrix has increased as CME is now the third largest in terms of OI. CME OI is up 1.35% and metrics show that CME commands 15.54% of the open interest of all Bitcoin futures.

After CME, Bitcoin futures markets such as Bybit, Okex, Deribit, Hubi and Bitmax. The five aggregates of all the mentioned crypto derivative exchanges collectively command 35.56% of all Bitcoin OI.

What do you think about the open interest growth of Bitcoin futures before the Bitcoin ETF listed today? Let us know what you think about this in the comments section below.

Tags in this story

Binance, Bitcoin, Bitcoin (BTC), Bitcoin derivatives, bitcoin etf, bitcoin futures, BitMex, BTC derivatives, BTC derivatives market, Bybit, bybt.com, CME, CME Group, deribit, ETF catalysts, ftx, Futures, Huobi, Okex , Open Interest, Options, Bitcoin ETF, Process Share, Data, Trading

Image credit: Shutterstock, Pixabay, Wiki Commons, Skew Analytics, bybt.com,

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