Record-high Bakkt Bitcoin delivery exposes institutional frenzy for BTC

Record-high Bakkt Bitcoin delivery exposes institutional frenzy for BTC

Bakkt recorded an all-time high Bitcoin delivery in October, demonstrating a clear spike in institutional demand for BTC. Data from Arcane Research shows Bakkt Bitcoin exchange saw another record-high month from Sept. 20 to Oct. 20. This follows a noticeable rise in institutional demand for Bitcoin (BTC) from public companies in recent months.Bitcoin delivery on Bakkt. Source: ICE, Arcane ResearchBakkt, the digital asset payment platform and derivatives exchange, is tailored for institutional investors in the U.S. It is operated by Intercontinental Exchange, the parent company of the New....


Related News

Top 5 cryptocurrencies to watch this week: BTC, XLM, CRO, BNB, LTC

Traders are accumulating Bitcoin on dips and a break above $11,600 could resume the uptrend to $12,000. Data from Skew shows Bitcoin’s (BTC) spot volume on LMAX Digital, an exchange that mainly caters to institutions, has overtaken retail-oriented exchanges. This signals that institutional investors could be building up positions as they expect the price to move higher in the future.Along with spot purchases, institutional investors’ participation in the derivatives market has also increased. Data from Arcane Research shows that a record number of investors are taking delivery of Bitcoin....

‘Shorts will be dead’ — Why Dan Tapiero expects a massive Bitcoin shortage

Dan Tapiero believes Bitcoin could face a supply shortage if institutional demand for BTC continues to increase. In recent months, there has been a considerable spike in institutional demand for Bitcoin (BTC) following several high profile investments. Over time, asset manager and 10T Holdings co-founder Dan Tapiero believes this could lead to a problematic shortage in BTC.Alongside investments from Square, MicroStrategy and Stone Ridge, Bitcoin inflows to Grayscale Bitcoin Trust have surged.Based on the rapid growth of institutional investments, Tapiero warns that short-sellers could see....

Surging Bitcoin futures volume highlights increasing institutional interest

Futures volume and open interest spiked at derivatives exchanges after Bitcoin price hit $11.7K, highlighting increasing participation from institutional investors. On Oct. 12 Bitcoin price (BTC) pushed above $11,700 on Binance and data shows trading at derivatives exchanges also began to spike.According to data from Skew, CME Bitcoin futures open interest has started to recover. The term open interest refers to the total amount of long and short contracts open at a given time and it is typically used to gauge trading activity in the futures market.CME Bitcoin futures volume. Source:....

Institutional Bitcoin longs at record-high, hedge funds short — CME data

CME data shows Institutions are long Bitcoin while hedge funds are aggressively shorting BTC. According to CME, the amount of Bitcoin (BTC) long contracts held by institutions are at an all-time high. Yet, CME’s most recent Commitment of Trader report shows hedge funds are at a record-high for BTC shorts.There seemingly is a major difference in the perception of Bitcoin’s short to medium-term trend between hedge funds and institutions.CME Bitcoin futures net open interest. Source: SkewWhy are hedge funds aggressively shorting Bitcoin but not institutions?Hedge funds typically implement....

Institutional frenzy: CME becomes 2nd biggest Bitcoin futures market

The Chicago Mercantile Exchange (CME) just became the second-biggest Bitcoin futures exchange in open interest behind OKEx, buoyed by rising institutional demand. The CME Bitcoin futures market overtook Binance Futures to become the second-biggest Bitcoin (BTC) futures exchange by open interest. The data shows that the institutional volume is rapidly gaining a larger share of the cryptocurrency market.On Oct. 10, Skew reported that the CME Bitcoin futures market’s open interest rose sharply by 1,500 contracts. Since then, within three days, the price of BTC surged 9% to over $13,000. The....