THELOGICALINDIAN - Bitcoin futures accessible absorption continues to abide aerial afterwards the barrage of the aboriginal bitcoin exchangetraded armamentarium ETF on October 22 While Binance commands 581 billion and leads the backpack CME Group holds the secondlargest position in agreement of bitcoin futures accessible absorption OI with 41 billion or 1684 of the accumulated OI
Top Ten Derivatives Platforms Command More Than 97% of Bitcoin Futures Open Interest
Bitcoin derivatives accept swelled absolutely a bit in contempo times, and afterward the barrage of the Proshares and Valkyrie bitcoin futures ETFs, bitcoin futures accept apparent cogent bazaar action. After Valkyrie’s ETF (Nasdaq:BTF) launched, the analytics accumulation Skew tweeted that CME Group’s bitcoin futures OI accomplished a new best high.
During the aboriginal anniversary of November, bitcoin futures accessible absorption beyond all the crypto derivatives platforms is $24.32 billion according to coinglass.com statistics. The top ten derivatives platforms alms bitcoin futures command $23.68 billion or added than 97% of the OI. The cryptocurrency trading belvedere Binance is the baton in agreement of bitcoin futures with $73 billion in all-around aggregate amid 54 altered crypto markets.
CME Group’s Bitcoin Futures Open Interest More Than 16% of Aggregate OI
In agreement of bitcoin futures, Binance holds 5.81 billion in OI which accounts for 23.9% of all the BTC futures positions. Meanwhile, the world’s better banking derivatives exchange, Chicago Mercantile Barter (CME) Group, captures 16.84% or $4.1 billion in accessible interest.
Leaving out Binance and CME Group, the top ten crypto derivatives platforms in agreement of bitcoin futures OI accommodate exchanges such as FTX ($3.84B), Bybit ($3.63B), Okex ($2.21B), Deribit ($1.49B), Bitfinex ($827.71M), Bitmex ($752.43M), Bitget ($557.5M), and Huobi ($485.59M).
Bitcoin ETF Markets Follow Spot Market Trends
In agreement of crypto derivatives, 627 crypto futures, and perpetuals beyond the board, FTX holds the second-largest all-around aggregate beneath Binance with $13.4 billion in 24 hours. Furthermore, abundant like bitcoin’s (BTC) atom bazaar alliance period, the bitcoin futures ETFs from Proshares (NYSE:BITO) and Valkyrie accept followed agnate paths.
While BITO swapped at a aerial of $43.28 in October, shares are currently swapping for $39.30. The exchange-traded armamentarium BTF hit a aerial of $25.25 but is now alteration easily for $24.23.
What do you anticipate about the bitcoin futures activity during the aftermost few weeks afterward the ETF launches? Let us apperceive what you anticipate about this accountable in the animadversion area below.
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