Micro bitcoin futures daily average volume of Micro Bitcoin

Daily average volume of Micro Bitcoin Futures rose 9% this week, aligning with heightened activity in crypto options markets. Traders are noting increased correlations between BTC and U.S. tech stocks. The US Sep ADP employment change unexpectedly fell -32,000, weaker than expectations of a +51,000 increase and the largest decline in 2.5 years.  Also, Aug was revised lower to -3,000 from the previously reported +54,000. Chicago-based CME Group (CME) also lists crypto futures, along with an array of commodities and financial contracts. Unlike its digital-native counterparts, CME’s roots go back more than a century to its beginnings as a commodities exchange trading butter, eggs, and other agricultural products. CME has long since evolved into a mostly-electronic exchange and ranks as among the top exchanges for crypto futures trading. As BTC spot prices hover around $59k, Micro Bitcoin Futures at CME are pricing in mild contango, reflecting market expectations for upward momentum over the next two weeks. Options dealers indicate gamma exposure remains low.