Odaily Planet Daily News According to data from the Commodity Futures Trading Commission (CFTC), Wall Street banks began buying large amounts of Bitcoin futures a few weeks before the U.S. presidential election, and their timing was appropriate because the cryptocurrency soon soared from $62,000 to nearly $90,000. According to the CFTC's November 5th trader position report, large banks hold a $3 billion long position in Bitcoin futures on the Chicago Mercantile Exchange (CME). This huge bet is equivalent to buying about 10,564 net new contracts (about 52,820 BTC). Based on the recent high of BTC reaching nearly $90,000, these Wall Street banks may have been sitting on up to $1.4 billion in book profits. (Forbes)