Interest in BTC futures over time: https://twitter.com/CMEGroup/status/1141015074062110721
Futures are standardized contracts that bind a party to buying or selling some asset at a predetermined date. Notably, the CME group also remarked in the Twitter post that BTC futures appears to be gaining popularity with institutional investors.
Major United States bank JPMorgan Chase (JPM) executive Nikolaos Panigirtzoglou has also recently commented in a report on the state of bitcoin, saying that BTC markets appear to be increasingly influenced by institutional investors.
Many have speculated that Facebook’s recent cryptocurrency announcement will propel markets forward. Yesterday the social media giant released the white paper for its own stablecoin, Libra, which financial analyst Tom Lee says is evidence of mainstream interest in crypto.
BTC is currently trading around $9,290, up 2.55% on the day.