Odaily星球日报讯 CF Benchmarks 首席研究分析师 Gabriel Selby 表示，现货比特币 ETF 已推动 CME 比特币期货市场未平仓合约今年迄今增长 80%，据悉未平仓合约的增加可以归因于现货比特币 ETF 和芝加哥商品交易所（CME）期货合约之间的基础交易，以促进套利机会，机构投资者的这种活动可以推动比特币的流动性并为更加强劲和互联的市场生态系统奠定基础。（TheBlock）

现货比特币ETF推动CME比特币期货市场未平仓合约增长80%

Odaily Odaily News: Gabriel Selby, chief research analyst at CF Benchmarks, said that the spot Bitcoin ETF has driven the CME Bitcoin futures market&#39;s open interest to grow by 80% so far this year. It is reported that the increase in open interest can be attributed to the underlying transactions between the spot Bitcoin ETF and the Chicago Mercantile Exchange (CME) futures contracts to promote arbitrage opportunities. This activity of institutional investors can promote Bitcoin&#39;s liquidity and lay the foundation for a more robust and interconnected market ecosystem. (TheBlock)

Spot Bitcoin ETF drives 80% increase in open interest in CME Bitcoin futures market

Odaily Odaily News Coinglass data shows that the total open interest of BTC futures contracts on the entire network is 522,200 BTC, equivalent to US$34.264 billion. Among them, the open interest of CME BTC contracts is 154,400 BTC (approximately US$10.116 billion), ranking first, with a 24-hour increase of 2.56%; the open interest of Binance BTC contracts is 115,800 BTC (approximately US$7.601 billion), ranking second, with a 24-hour decrease of 3.69%.

CME Bitcoin contract open interest increased to $10.116 billion, up 2.56% in 24 hours

Author: Crypto_Painter Source: X, @CryptoPainter_X
Recently, there has been a hint of panic in the entire market, which is largely due to the huge short positions of CME. As an old investor in the crypto, I vaguely remember that when CME officially launched BTC futures trading, it just ended the epic bull market in 2017!
Therefore, it is of great significance to study these huge short orders on CME!
First, some background:
CME refers to the Chicago Mercantile Exchange, which launched BT at the end of 2017...

The subtle relationship between BTC spot ETF and CME’s huge short positions

Odaily Odaily News Brokerage firm Bernstein said in a research report on Wednesday that Bitcoin and cryptocurrency-related stocks are undervalued and suitable for institutional adoption. Bernstein pointed out that cryptocurrency bears believe that spot Bitcoin exchange-traded fund (ETF) trading has ended, most of the early configurations came from retail investors, and most institutional demand was "basic cash and carry trades" rather than new net long positions. While this is true, we believe that Bitcoin ETFs will be approved by major securities firms and large private banking platforms in the third/fourth quarter. "The spot Bitcoin ETF was first approved in the United States in January, greatly broadening the channels for people to invest in the world's largest cryptocurrency.