The supply of Bitcoin on exchanges will dry up and cause Bitcoin prices to increase sharply if this proposal is passed. Will this come true?

CME Group has been in discussions with major investors who want to trade Bitcoin on a regulated market. According to a report by the Financial Times, CME Group planned to offer Bitcoin Spot trading due to growing demand.

The launch of Bitcoin Spot trading on CME will allow professional investors to take advantage of spread trades. That is, they can make a profit from the price difference between the Futures contract price & the Spot price of the asset.

CME is one of the largest derivatives exchanges in the world, many times CME has expressed public support for Bitcoin. If the above plan is approved, CME needs to buy a very large amount of Bitcoin from exchanges (CEX) or through OTC.

Surely the supply of Bitcoin on exchanges will be seriously reduced, due to demand coming from TradFi with huge cash flows. Declining supply and sudden increase in demand is the formula that helps push Bitcoin prices up the most.

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