Crypto Updates

Bitcoin and Ether Futures Surge in Q2

bitcoin-and-forex

The interest in Bitcoin and Ether futures among
institutional investors increased in the second quarter as investors sought products
that enables them to mitigate risks and the impact of high market volatility.

According to a report
from the Chicago Mercantile Exchange (CME) shared with Coindesk, the number of
institutional investors holding at least 25 Bitcoin futures contracts was 107
on average during the second quarter, while those holding Ether futures were 62.

Additionally, more
institutional investors opted for CME’s regulated and cash-settled futures
during the quarter as a way to invest in Bitcoin and Ether without having to
own the crypto assets. On top of that, an increase in demand for hedging tools
boosted the trading volumes and the open interest in BTC and Ether.

The increase in funds
channeled by institutional investors into Bitcoin

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