K33 Research's research director Vetle Lunde recently revealed in an interview with CNBC that the open interest for Bitcoin futures at the Chicago Mercantile Exchange has reached an all-time high📈. This indicates that many U.S. institutions are entering the Bitcoin market through futures contracts. However, traders seem to be more optimistic about the spot Bitcoin ETF options launched by the New York Stock Exchange and Nasdaq, as this would enhance market liquidity and provide more hedging tools.

Additionally, the demand for leveraged long exposure to Bitcoin and Ethereum is also on the rise📊. VolatilityShares' BTC exposure had also reached a new high, indicating that investor interest in cryptocurrencies continues to grow.