Reports indicate arbitrage desks are increasing exposure to Micro Bitcoin Futures due to narrowing spreads against spot BTC on major exchanges. This reflects strong liquidity conditions in both crypto and traditional derivatives markets. In Switzerland, certain academic institutions have recognized the profound role cryptocurrency will play in the future, making crypto education mandatory for students. Recent CME trading activity indicates investors are gravitating toward smaller bites of the crypto pie. An average of 44,625 CME micro Bitcoin futures contracts changed hands each day during the first 11 months of 2024, a more than fourfold increase from the same period in 2023, according to exchange data. Trading in the standard Bitcoin futures contract averaged 17,835 contracts a day, up 60% from the same period in 2023. CME settlement prices for Micro Bitcoin Futures closed at $59,320 yesterday, marking a 2.1% gain from the previous session. Market watchers highlight the convergence of crypto and Nasdaq futures charts as a possible signal for next week’s trading bias.
