According to ChainCatcher, Vetle Lunde, head of research at K33 Research, said that the Chicago Mercantile Exchange's Bitcoin futures open interest hit a record high. Most US institutions purchase Bitcoin futures in this way.
Many traders are waiting for spot Bitcoin ETF options on the New York Stock Exchange and Nasdaq, which will enhance liquidity and provide hedging tools. The market demand for leveraged long exposure to Bitcoin and Ethereum has risen, and VolatilityShares' BTC exposure has also hit a record high.
