CME Group's bitcoin futures are drawing in more large traders than ever before

InstitutionalFebruary 13, 2020, 3:44PM EST
UPDATED: March 14, 2022, 5:52PM EDT
CME Group's bitcoin futures are drawing in more large traders than ever before
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January was the second-best month for CME Group's bitcoin futures product since it first launched in late 2017 (average contract volume in the month up ~70% from full year 2019 avg. daily volume)

In that context, we decided to analyze the CFTC's Commitment of Traders (COT) report to unpack who is driving the growth in open interest, and compare how traders are currently positioning themselves (long or short) relative to historical net exposure.

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