According to TechFlow, Gabriel Selby, chief research analyst at CF Benchmarks, spot Bitcoin ETFs have driven CME Bitcoin futures market open interest to grow 80% so far this year. Such activities by institutional investors can boost Bitcoin’s liquidity and lay the foundation for a more robust and interconnected market ecosystem.
The increase in open interest can be attributed to underlying trading between spot Bitcoin ETFs and Chicago Mercantile Exchange (CME) futures contracts to facilitate arbitrage opportunities.
