{"id":180316,"date":"2023-10-25T01:30:37","date_gmt":"2023-10-24T20:00:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=180316"},"modified":"2023-10-25T01:30:37","modified_gmt":"2023-10-24T20:00:37","slug":"cme-sees-over-100k-btc-in-open-interest-amidst-rising-institutional-interest-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cme-sees-over-100k-btc-in-open-interest-amidst-rising-institutional-interest-crypto-news\/","title":{"rendered":"CME sees over 100k BTC in open interest amidst rising institutional interest &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<h2>Quick Take<\/h2>\n<p>The interest in Bitcoin is on an upward trajectory, a trend palpable in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/bitcoins-dominance-hits-highest-level-since-april-2021-as-ethereum-suffers\/\">recent data<\/a> analysis. One aspect that has drawn media attention, including <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/bitcoin-jumps-4k-in-4-hours-as-it-touches-35k-on-blackrock-seeding-anticipation\/\">CryptoSlate<\/a>, is the potential approval of a Bitcoin spot Exchange Traded Fund (ETF). This development could act as a springboard, propelling Bitcoin into the mainstream financial ecosystem by providing a regulated and simplified method of investment.<\/p>\n<div class=\"css-1dbjc4n r-1awozwy r-18u37iz r-dnmrzs\">\n<p class=\"css-901oao r-1awozwy r-18jsvk2 r-6koalj r-37j5jr r-1inkyih r-b88u0q r-rjixqe r-bcqeeo r-1udh08x r-1ddef8g r-3s2u2q r-qvutc0\" dir=\"ltr\">The Chicago Mercantile Exchange (CME), a favorite platform among institutions, has seen its open interest exceed 100,000 Bitcoin, which is approximately equivalent to $3.1 billion. Approximately 27% of the total open interest now resides with CME, marking the highest level ever recorded.<\/p>\n<\/div>\n<figure id=\"attachment_367629\" aria-describedby=\"caption-attachment-367629\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-367629\" class=\"wp-caption-text\">Futures Open Interest, CME: (Source: Glassnode)<\/figcaption><\/figure>\n<p>On the other hand, Binance holds an open interest of about 112,000 Bitcoin, accounting for just under 30% of the market, a figure nearing its lowest point for the year to date. An exciting disparity is beginning to emerge between Binance and CME.<\/p>\n<figure id=\"attachment_367636\" aria-describedby=\"caption-attachment-367636\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-367636 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/10\/Bin-1.png\" alt=\"Futures Open Interest, Binance: (Source: Glassnode)\" width=\"1800\" height=\"1013\" \/><figcaption id=\"caption-attachment-367636\" class=\"wp-caption-text\">Futures Open Interest, Binance: (Source: Glassnode)<\/figcaption><\/figure>\n<p>The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/cme-sees-over-100k-btc-in-open-interest-amidst-rising-institutional-interest\/\">CME sees over 100k BTC in open interest amidst rising institutional interest<\/a> appeared first on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\">CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick Take The interest in Bitcoin is on an upward trajectory, a trend palpable in the recent data analysis. One aspect that has drawn media attention, including CryptoSlate, is the potential approval of a Bitcoin spot Exchange Traded Fund (ETF). This development could act as a springboard, propelling Bitcoin into the mainstream financial ecosystem by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":180317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-180316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=180316"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180316\/revisions"}],"predecessor-version":[{"id":180318,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180316\/revisions\/180318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/180317"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=180316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=180316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=180316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}