Btc cme volume

Battle Of The Markets New research by TradeBlock shows that at their summer peak, combined trading volumes reached near-parity with spot trading volumes across five top US exchanges. Play Now! Bitcoin futures trading volume has fallen significantly since peaking in the summer. The latest numbers from December show the lowest volumes since the products were launched in December Whilst the two markets were initially neck-and-neck, the gap between them has steadily widened since February Could you be next big winner?

At the same time, spot trading volume was falling at digital currency exchanges in the US. Although volumes did start to pick up again in November and December Back To The Futures Meanwhile, following the peaking of the futures market in July and August , volumes almost halved in September and have fallen steadily since. Within a few more hours, that number just about doubled. Sign up here to get it in your inbox every Sunday.

One question is whether some of that volume could be the result of traders positioning for profit from the way this particular ETF is structured. Currently, for every dollar it takes in, ProShares allocates Treasury bills. Reminder: On the CME, bitcoin futures are settled in cash, meaning no actual bitcoin changes hands.

Higher volumes? Higher interest? Rather, some of its features are more likely to be found in ETFs that own bonds and other types of financial instruments.

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Within a few more hours, that number just about doubled. Sign up here to get it in your inbox every Sunday. One question is whether some of that volume could be the result of traders positioning for profit from the way this particular ETF is structured. Currently, for every dollar it takes in, ProShares allocates Treasury bills.

Reminder: On the CME, bitcoin futures are settled in cash, meaning no actual bitcoin changes hands. Higher volumes? Higher interest? Story continues Higher volumes? Higher interest? Rather, some of its features are more likely to be found in ETFs that own bonds and other types of financial instruments.

They are institutions and the like that can do this sort of thing in bulk and have the sort of relationships that allow such a trade to take place. The APs do this kind of a trade if the value of the ETFs they get in return which they then can sell in the market is significantly higher than the stocks they deliver. That may not sound like a lot for a retail trader hoping to win big on something she saw on Reddit, but for institutions that do trades in the millions, this starts to add up to real money.

If this sort of trade is done enough times, the price of the underlying basket of stocks will rise as they get bought up and the price of the ETF shares will fall as they get sold until the prices of the two converge. That could make for some quirky movements in the market, as noted in a Twitter thread by Dave Nadig , chief investment officer and director of research for news and data sites ETF Trends and ETF Database. Simultaneously, the AP could offset much of that risk by buying futures on the CME or even some other bitcoin-related asset bitcoin itself or shares of MicroStrategy or whatever.

Again, should this trade get done by more than a few APs, prices of BITO and bitcoin futures would theoretically start to converge, though up to a point. The maximum amount of October bitcoin contracts an entity can hold is 2, and up to 5, total for all expiries; each contract holds five bitcoin. All this could do a funny thing to volume, though.