- Bitcoin options open interest on CME reaches an all-time high.
- Institutional sentiment seems to be on the rise
Bitcoin options open interest on CME has reached an all-time high of $368 million. Bitcoin options open interest on CME has seen a 59% increase since the beginning of this month.
Open interest represents the outstanding contracts at the end of the trading day. Open interest may help quantify the current interest in a particular asset. Bitcoin options open interest on CME has been surging, creating new highs in recent months.
Despite the recent massive contract expiry, open interest on the platform has made a strong recovery surpassing its high in May.
Institutional Interest Rises
Institutional interest has also been on the rise this year. Grayscale, a leading digital asset investment company, has seen explosive growth in its Bitcoin Trust. According to Grayscale, the Bitcoin Trust currently has over $3.5 billion in assets-under-management.
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