3 Straight Record Days Drive CME Bitcoin Futures Open Interest to All-Time High

[Cordillerabit]

Over the past month, CME’s bitcoin futures market has grown faster than nearly every other bitcoin futures market on a percentage and real growth basis.

Soaring CME open interest coincides with news that prominent American hedge funds are interested in investing in bitcoin futures. As of April, Renaissance Technology’s flagship Medallion fund is considering trading bitcoin futures on CME. On Thursday, Paul Tudor Jones II of the Tudor Investment Corp. also told investors he is keen to invest in bitcoin futures.

“The recent massive growth in regulated futures markets suggests growing institutional interest in bitcoin as an emerging macro hedge against money printing and geopolitical uncertainties,” said Qiao Wang, director of product at Messari and former quantitative trader at Tower Research.

Source: https://www.coindesk.com/3-straight-record-days-drive-cme-bitcoin-futures-open-interest-to-all-time-high