CME bitcoin open interest rises

Open interest on Bitcoin Mercantile Exchange (CME) Bitcoin futures close to $ 2 billion. It rose steadily in August. This may indicate a growing interest of institutional investors in Bitcoin futures that may be used to hedge their exposure to BTC.
Last week, legendary investor Bill Miller’s flagship fund, Miller Opportunity Trust, revealed in a regulatory application that it owns $ 1.5 million in shares in Grayscale Bitcoin Trust (GBTC). I made it.
“These types of investors may be interested in hedging their position through CME futures,” Arcane Research wrote in a report Tuesday. Grayscale is a unit of the digital currency group also owned by CoinDesk.

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