Number of large holders in CME bitcoin futures is surging

Exchanges • July 3, 2023, 5:50PM EDT
UPDATED: July 4, 2023, 7:18AM EDT
The Block

Quick Take

  • Large open interest holders in CME’s bitcoin futures market surged to 121 during the week of June 27.

The number of large holders in CME's bitcoin futures market has been surging over recent weeks, according to data compiled by The Block.

The number of holders who maintain a futures position of at least 25 bitcoin increased from a recent low of 94 during the week of May 30 to 121 in the week of June 27, according to data provided to the U.S. Commodities Futures Trading Commission. That's just shy of a peak of 122 reached at the end of March.

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The increase in CME's market has been underpinned by a broader rally in crypto, which kicked off after asset manager BlackRock filed for a spot bitcoin exchange traded fund on June 15. 


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Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

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