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 providing a regulated and simplified method of investment.
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.
The post CME sees over 100k BTC in open interest amidst rising institutional interest appeared first on CryptoSlate.
