ChainCatcher news, according to The Block, Gabriel Selby, chief research analyst at CF Benchmarks, said that Bitcoin spot ETFs have driven CME Bitcoin futures market open interest to grow 80% so far this year.

It is reported that the increase in open interest can be attributed to the underlying transactions between Bitcoin spot ETFs and Chicago Mercantile Exchange (CME) futures contracts to promote arbitrage opportunities. This activity of institutional investors can promote Bitcoin liquidity and lay the foundation for a more robust and interconnected market ecosystem.