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Open interest in CME Bitcoin futures hit $7.8 billion in February, a record high

The Block Pro data shows that the open interest of Bitcoin futures on the Chicago Mercantile Exchange increased by 54.7% to a record high of $7.8 billion in February, but the daily average trading volume decreased by 7.4% to about $3.18 billion. The monthly trading volume of Ethereum futures increased to $555 billion, a growth rate of 8.6%. In terms of cryptocurrency options, the open interest of Bitcoin options rose sharply by 80.8% in February, reaching a record high, while the open interest of Ethereum also increased by 48.5%. In addition, in terms of Bitcoin and Ethereum options trading volume, the trading volume of Bitcoin options decreased by 1% in February to $39.47 billion, while the trading volume of Ethereum options decreased by 5.4% to $16.98 billion.

CME Group to Launch Micro Bitcoin and Ethereum Futures Denominated in Euros on March 18

CME will launch euro-denominated micro Bitcoin and Ethereum futures on March 18.

CME data shows the probability of the Fed cutting interest rates in March has dropped to 8%

CME Federal Reserve observation shows that the probability of the Federal Reserve maintaining interest rates in the range of 5.25%-5.50% in March is 92%, and the probability of a 25 basis point interest rate cut is 8%. The probability of maintaining interest rates unchanged in May is 32.8%, the cumulative probability of a 25 basis point interest rate cut is 62.1%, and the cumulative probability of a 50 basis point interest rate cut is 5.1%.

CME Fed Watch: The probability that the Fed will keep interest rates unchanged in January next year is 81.4%

According to CME's "FedWatch," the probability of the Federal Reserve maintaining interest rates in the range of 5.25%-5.50% in January next year is 81.4%, while the probability of a 25 basis point interest rate cut is 18.6%.

CME Bitcoin futures’ long positions by asset managers roughly equal hedge fund short positions

According to CryptoSlate, asset managers have a net long position of about $2 billion in Bitcoin futures; at the same time, hedge funds have roughly equivalent short positions.

CME Bitcoin futures open interest and trading volume hit new highs in the past two years in November

According to The Block data on December 4th, the open interest of Bitcoin futures on CME (Chicago Mercantile Exchange) in November was 4.02 billion US dollars, and the monthly trading volume was 73.02 billion US dollars, both of which set new highs since November 2021.

The total BTC holdings on the entire network reached 28.6 billion U.S. dollars, and CME ranked first with 4.745 billion U.S. dollars.

According to Coinglass data, the total BTC contract position on the network reached 28.6 billion US dollars, with a 24-hour increase of 3.12%. Among them, CME ranked first with a position of 4.745 billion US dollars. The total ETH contract position on the network is 8.342 billion US dollars, with a 24-hour increase of 2.28%.

Why the Chicago Mercantile Exchange will remain the home of crypto for traditional finance investors

Despite the approval of a Bitcoin spot ETF, the Chicago Mercantile Exchange (CME) is still expected to remain the top choice for traditional finance investors. The CME has seen a significant increase in Bitcoin futures trading over the past year, surpassing even Binance. While the launch of a spot ETF may bring institutional money into the sector, it is unlikely to reduce activity in the futures market. In fact, futures trading is expected to expand alongside the growth of spot ETFs, as institutional investors will likely use futures to hedge their positions. The futures market also benefits from clearer regulation compared to the regulatory ambiguity surrounding the crypto spot market.

CME’s BTC holdings reached 118,540, a record high

According to CoinGlass data, CME's BTC holdings reached 118,540 coins ($4.42 billion), a new historical high.

Wintermute Asia executes first options block trade with CME Group

Wintermute Asia, the cryptocurrency derivatives trading department of algorithmic trading company Wintermute Group, announced on Tuesday that it had executed its first bulk options trade through CME Group. Wintermute stated that the BTC/USD block was traded between Wintermute Asia and TP ICAP and cleared by the Dutch bank clearing house.