#Bitcoin open interest jumps 25% since #BlackRock ETF filing.
On the Chicago Mercantile Exchange (#CME ), open interest in bitcoin futures contracts is at its highest level since March 2022.
According to Coinglass, there are $2.98 billion worth of contracts available on CME, and the total open interest in bitcoin across derivatives exchanges has risen to yearly highs.
Over a two-week period, the futures market received about $3 billion in investments, increasing from $11.4 billion to $14.4 billion.
A few of days after BlackRock filed for its spot ETF, the spike started around June 19.
#BTC is currently trading at $30,800, up 22% since BlackRock's filing and more than 85% year-to-date.