Tag Archives: CME

As the CME’s Volume Gets Pumped, the Bitcoin ETF’s Quirky Structure Could Explain Some of It

As the CME’s Volume Gets Pumped, the Bitcoin ETF’s Quirky Structure Could Explain Some of It

Last week’s launch of the ProShares Bitcoin Strategy ETF (BITO) was a smash hit by any measure. Yet, it may be that at least part of its success could be the result of how the instrument is structured rather than pure demand from buyers hoping for bitcoin exposure. In just a few hours, the futures-focused […]

First Bitcoin ETF Is Already in Danger of Breaching a Limit on Futures Contracts

First Bitcoin ETF Is Already in Danger of Breaching a Limit on Futures Contracts

Just days after launch, the first U.S. Bitcoin futures exchange-traded fund risks becoming too popular for its own good. The Proshares Bitcoin Strategy ETF (ticker BITO) is already on track to breach a limit on the number of futures contracts it is permitted to hold by the Chicago Mercantile Exchange, according to data compiled by Bloomberg. […]

Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K

Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K

Bitcoin’s prices reached all-time highs above $40,000 less than a month after breaking $20,000 for the first time. Since the start of the most recent rally, ostensibly begun in October, its value has increased fourfold. So for pros and newbies alike, or if you want to be the cryptocurrency expert at your next Zoom party, it’s natural […]

Bitcoin Price Moons to New 2020 Highs on PayPal News

Bitcoin Price Moons to New 2020 Highs on PayPal News

Newfound bullish momentum is omnipresent with Bitcoin’s price throughout the last few days. The cryptocurrency has increased by more than $2,000 since October 6th, and it shows no signs of slowing down. Bitcoin Price Breaks 2020 Highs on PayPal News Throughout the entire month of September, Bitcoin’s price was somewhat stagnant, with a few minor […]

Bitcoin Futures OI sinks on BitMEX: and it’s a good sign

Bitcoin Futures OI sinks on BitMEX: and it’s a good sign

The recent losses were the aftermath of the US commodities and Futures Trading Commission [CFTC] coming down hard of BitMEX along with the expiry of futures contracts in the stock market. While Bitcoin was the only major currency to face the brunt of the news directly, altcoins soon followed given the correlation factor. However, as the Bitcoin and altcoin […]

Bitcoin Extends Rally as Trading Volume for CME Futures Hits Three-Week High

Bitcoin Extends Rally as Trading Volume for CME Futures Hits Three-Week High

Trading activity for bitcoin (BTC) futures listed on the Chicago Mercantile Exchange (CME) has picked up pace as bitcoin has extended its recent rally to levels above $7,200. CME traded $347 million worth of futures contracts Thursday – the highest since March 16. On that day, futures witnessed a trading volume of $414 million, according to data […]

Binance Will Soon Reward Market Makers for Providing Futures Liquidity

Binance Will Soon Reward Market Makers for Providing Futures Liquidity

Cryptocurrency exchange Binance is adjusting its fee structure to get market makers to add liquidity on its futures platform. Under the revised Binance Futures Market Maker Program, market makers will receive a negative fee for selected trading pairs, according to an official announcement on Monday. A “market maker” is a user who adds liquidity, or buying and selling […]