• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

Bitcoin Won’t Be Fine, Bitcoin Will Be Fine

2025-05-07

Bitcoin PUMPS Ahead of FOMC Press Conference

2025-05-06

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02

    What They Are and What They Are For

    2025-04-17

    What It is & Why it Matters

    2025-04-16
  • Videos

    Bitcoin Won’t Be Fine, Bitcoin Will Be Fine

    2025-05-07

    Bitcoin PUMPS Ahead of FOMC Press Conference

    2025-05-06

    Bitcoin Core Removes The Mask

    2025-05-06

    Next CME Gap For Bitcoin to Fill (GET READY!!)

    2025-05-05

    How To Run A BITCOIN NODE: Knots on Desktop, Umbrel and Start9

    2025-05-05
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»Institutional Investors Increase Bitcoin Appetite Ahead Of Spot ETF, Report Shows
Bitcoin

Institutional Investors Increase Bitcoin Appetite Ahead Of Spot ETF, Report Shows

2023-12-20No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

A report by K33 research analysts has provided insight into how much institutional investors’ appetite for Bitcoin has increased ahead of a potential approval of a Spot BTC ETF. The research firm emphasized a particular indicator to drive home their point and provided further insight into what the future holds if these ETFs get approved.

The Derivatives Market: An Indicator Of Institutional Interest  In Bitcoin

In the report written by K33’s Senior Analyst Vetle Lunde and Head of Research Anders Helseth, they noted that the derivatives market was important as it can be used to gauge institutional traders’ interest in Bitcoin. In line with this, they touched on how there has been a significant increase in open interest in the Chicago Mercantile Exchange (CME) derivatives market.

The K33 report specifically noted that the CME’s open interest has grown by over 3,4000 BTC over the past week. Meanwhile, CME’s open interest remains near all-time highs of 110,000 BTC. The increased activity on the CME has resulted from these traders’ desire to gain exposure to Bitcoin ahead of the “imminent ETF verdict.”

With a potential approval on the horizon, it is believed that many traders are looking to make as much profit as they can from this bullish event. Meanwhile, others have genuinely become bullish on the flagship cryptocurrency and want to gain exposure to it in any way they can. The CME is arguably the most accessible means to gain exposure to Bitcoin for this class of investors. 

Notably, the K33 analysts highlighted how the open interest in the CME exchange had picked up the pace back in October. Coincidentally or not, this happened to be when Bitcoin and the broader crypto market picked up steam, as many believed that the Spot Bitcoin ETF rumors were the reason for the rally. 

See also  Coinbase Wins Approval to Sell Bitcoin (BTC) and Ethereum (ETH) Futures Products in the US

Bitcoin price chart from Tradingview.com

BTC price at $42,851 | Source: BTCUSD on Tradingview.com

CME To Lose Market Share Once ETFs Get Approved

NewsBTC had in November reported how CME had overtaken Binance in Bitcoin futures. Data from Coinglass also shows that the CME is still well ahead in terms of Bitcoin futures open interest. However, that could change soon enough as the K33 report touched on the possibility of open interest in CME collapsing once these Spot Bitcoin ETFs get approved. 

An approval can cause selling pressure on CME as these institutional investors might look to take profit while others will be looking to transfer their capital to the Spot ETFs. K33 elaborated on the latter. The report noted that futures-based ETFs currently account for 46% of the CME’s open interest. 

Considering that futures and Spot ETFs will be in direct competition, they expect the latter to become the more favorable option. As such, these K33 analysts foresee a decline in the open interest, which these futures ETFs account for. They project that many institutional investors will look to rotate a substantial portion of their capital to the Spot ETFs.

At the time of writing, Bitcoin is trading at around $42,800, down in the last 24 hours, according to data from CoinMarketCap. 

Featured image from RIS Media, chart from Tradingview.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

See also  Bitcoin Price Jumps Above $44,000, Here Are The Factors Driving It

Ahead appetite Bitcoin ETF Increase Institutional investors report Shows Spot
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Won’t Be Fine, Bitcoin Will Be Fine

2025-05-07

Bitcoin PUMPS Ahead of FOMC Press Conference

2025-05-06

Bitcoin Core Removes The Mask

2025-05-06

Next CME Gap For Bitcoin to Fill (GET READY!!)

2025-05-05
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

BITCOIN & ETHEREUM WHAT’S THE NEXT MOVE?!

2023-07-18

Bybit for a bonus of up to $30’000 sign up at http://bybit.davincij15.com Join OKx at…

Analysis

Mysterious Wallet Created an Hour Before Elon Musk Tweeted About New Memecoin Nets 2,300% Profit: On-Chain Data

2023-05-12

A mysterious crypto wallet created right before billionaire Elon Musk tweeted about a new memecoin…

Regulation

Synthetix Creator Says US Regulators No Longer Operating in Good Faith When It Comes to Crypto

2023-09-28

Synthetix (SNX) founder Kain Warwick thinks it is now clear that US financial regulators are…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

Bitcoin Won’t Be Fine, Bitcoin Will Be Fine

2025-05-07

Bitcoin PUMPS Ahead of FOMC Press Conference

2025-05-06

Bitcoin Core Removes The Mask

2025-05-06
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 102,589.49
ethereum
Ethereum (ETH) $ 2,211.50
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.31
bnb
BNB (BNB) $ 624.15
solana
Solana (SOL) $ 162.53
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.195565
cardano
Cardano (ADA) $ 0.768593
tron
TRON (TRX) $ 0.255905
bitcoin
Bitcoin (BTC) $ 102,589.49
ethereum
Ethereum (ETH) $ 2,211.50
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.31
bnb
BNB (BNB) $ 624.15
solana
Solana (SOL) $ 162.53
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.195565
cardano
Cardano (ADA) $ 0.768593
tron
TRON (TRX) $ 0.255905