Market Structure
October 20, 2021, 3:10PM EDT
• 7 min read

A look at the performance of institutional bitcoin derivatives

Lucas Jevtic

Quick Take

  • Futures contracts remain institutions favoured pathway to bitcoin exposure and serve as a valuable proxy to gauge institutional interest in crypto 
  • The Chicago Mercantile Exchange (CME) continues growing as traditional firm’s preferred exchange with upcoming tailwinds from the pending approval of Bitcoin ETFs 
  • In the trailing 6 months, Intercontinental Exchange’s (ICE) Bakkt bitcoin derivatives remain stale, with low volumes and institutional interest

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