CME Archive

The new futures contract will launch on May 3, 2021, pending regulatory approval.

January proved significant in terms of Bitcoin futures trading average daily volume for the CME.

Investors are nervous that this week’s CME ETH futures launch will be a repeat of Bitcoin’s 2017 CME launch but data suggests otherwise.

Institutions were aggressively accumulating ETH in the lead up to the launch of CME futures, with Ether products representing 80% of last week’s institutional crypto inflows.

With its best-ever weekly close in the bag, Bitcoin is set to vie with Ether and the new “altseason” for supremacy this week.

Bitcoin price may have flipped $35,000 back to support but data shows this week’s 15% move may have prompted top traders to open short positions.

Wall Street’s preferred Bitcoin future shows few are willing to be short on BTC.

Data show pro traders are still bullish even as Bitcoin price dips below $30,000 and Friday’s $4 billion BTC options expiry approaches.

Last year was a volatile one for Bitcoin and other cryptocurrencies.

ETH broke above $1,200 for the first time in almost three years, extending its weekly gains to 62%.

Crypto derivatives showed enormous growth in 2020 as nearly $2 billion worth of BTC options expired on Christmas day.

The crypto space has notably matured over the last three years.