CME open interest in Bitcoin futures contracts hit a new high

According to the US Commodity Futures Trading Commission (CFTC), the number of open positions on CME bitcoin futures contracts hit a record high last Friday. From May 27 to June 3, the total number of open positions on Bitcoin futures contracts was 5,190, an increase of 7% from the previous week. May 31 is the last day of the transaction and the settlement will end on the trading day of June 3. CoinDesk analysis said that the sharp rise in futures trading activity may be a sign of increased institutional participation in the cryptocurrency market.