Goldman Sachs released a market report this week, which stated that the institutionalization of the market is most obvious in the derivatives market, with Bitcoin (BTC) and Ethereum (ETH) futures and options trading on the Chicago Mercantile Exchange continuing to increase, and the fourth quarter has been completed. Become the Bitcoin futures exchange with the highest public interest rate.
Goldman Sachs noted that open rates for Bitcoin and Ethereum were flat through the first nine months of the year; however, price action in October sparked interest from institutional investors who took the opportunity to approve a potential spot BTC ETF and/or through derivatives Products are positioned for hedging exposures.
Bitcoin’s open interest surged to over $4 billion in the fourth quarter. Open interest refers to the total number of outstanding derivatives contracts held by an investor, representing active positions. (CoinDesk)