CME Group Bitcoin futures hit new high of $1.47 billion
According to The Block's data dashboard, CME Group bitcoin futures are soaring as open interest in the futures product reached a new record high of $1.47 billion, or a 42% increase in a week.
This price increase shows that more investors and money are entering the market.
Total aggregate open interest in the bitcoin futures market is currently $8.78 billion, according to The Block's data dashboard.