K33 Research Director Vetle Lunde stated in an interview with CNBC that the futures open interest at the Chicago Mercantile Exchange has reached an all-time high, which is currently the way most U.S. institutions are purchasing Bitcoin futures contracts. However, many traders have been waiting for spot Bitcoin ETF options from major exchanges like the New York Stock Exchange and Nasdaq, as it can enhance liquidity and provide hedging tools. Vetle Lunde added that the demand for leveraged long exposure to Bitcoin and Ethereum in the market is on the rise, and VolatilityShares' BTC exposure also previously reached an all-time high.