The number of open positions on Bitcoin future contracts in CME has reached a new high, CoinDesk reported yesterday.
According to data provided by the U.S. Commodity Futures Trading Commission (CFTC), the number of open positions in the week from May 27 to June 3 rose to 5,190.
This is a new high and represents a 7% increase over the previous week. This indicator also hit another record recently, more particularly on May 13.
It seems that this rebound in the number of open positions in CME is related to the increasing institutional interest in Bitcoin. The fact that Bitcoin's daily trading volume reached itself all-time highs on 2 consecutive days in May could be also related to this renewed interest in the crypto market shown by institutional investors.
This type of investment instrument was added to the Chicago Mercantile Exchange (CME) in December 2017, when the price of the main crypto by market cap was at an all-time high ($20,000). However, investors did not show much interest for this instrument during 2018, a situation that has just changed.
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