Institutional Interest Spikes as BTC and ETH CME Futures Hit $46.8B in Trading Volume in June | CoinMarketCap

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CryptoNews: Institutional investors’ interest in financial instruments giving exposure to Bitcoin and Ethereum have increased, according to a report by crypto data provider CCData.👀

The volume of Bitcoin futures traded on the Chicago Mercantile Exchange increased by 28.6% to $37.9 billion in June, while the value of Bitcoin Micro Futures increased by 21.1% to $702 million.

With over 97,000 ETH Futures contracts traded and a 10.8% increase in June, Ethereum-based instruments also experienced a significant increase. The volume traded, valued in USD at $46.8 billion, increased by 24.6%. The rise in trade and speculation may benefit the CME Group's newest offering, the Ethereum-to-Bitcoin Ratio Futures, which is scheduled to launch later this month, subject to regulatory approval.Related Articles

 

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