Roughly 247 days ago, the total bitcoin futures open interest across 12 different cryptocurrency derivatives trading platforms was $26.73 billion and over the last eight months, bitcoin futures open interest has dropped 60% down to $10.69 billion. Further, the bitcoin exchange-traded funds BITO and BTF have followed bitcoin’s spot market losses, as the bitcoin ETFs have shed between 70% and more than 73% in value since last year’s price highs.
Bitcoin Exchange Traded Funds Slide Over 70% in Value Against the US Dollar
10 m. lapkričio 2021 d. kriptovaliutų ekonomikos 24 valandų neatidėliotinos prekybos apimtis visame pasaulyje buvo maždaug $ 181.54 mlrd ir daugiau nei 10,000 3.13 kriptovaliutų turto vertė buvo maždaug 37 trilijono USD. Šiandien kriptovaliutų rinkos prekybos apimtys yra 24% mažesnės, nes pasaulinė 15 valandų prekybos apimtis liepos 114 d. siekė 13,400 milijardų JAV dolerių, o kriptovaliutų ekonomikos 980 XNUMX kriptovaliutų turto bendra užregistruota vertė siekė apie XNUMX milijardų dolerių.
During the past eight months, data shows bitcoin futures markets and BTC-centric exchange-traded funds (ETFs) have taken deep losses during this year’s crypto bear market. Last year, when U.S.-based bitcoin ETFs were approved, the funds traded for much higher prices and have followed BTCneatidėliotinos rinkos nuosmukis.
Valkyrie’s bitcoin futures ETF, a fund that uses the ticker BTF on Nasdaq, traded for $26.67 on November 9, 2021, and on July 14, BTF’s price closed 70.19% lower at $7.95. The Proshares bitcoin ETF BITO patyrė panašių nuostolių, nes NYSE listinguojamas BITO per pastaruosius aštuonis mėnesius nukrito 73.87% nuo 48.80 USD iki 12.75 USD.
Bitcoin Futures Open Interest Slides, Options and Futures Volumes Spike
Much like the Valkyrie and Proshares bitcoin ETFs, the total bitcoin futures open interest has been on a downward spiral as well. According to recorded duomenys, bitcoin futures open interest last November was awfully close to the all-time high of around $27.29 billion printed on April 14, 2021.
On November 10, 2021, the aggregate bitcoin futures open interest was $26.73 billion and bitcoin (BTC) prekiavo Moneta - 68,766 XNUMX USD that day. Since then, bitcoin futures open interest is 60% lower as statistics recorded on Thursday, July 14, 2022, show open interest was $10.69 billion.
While bitcoin futures volume was down this past April, metrikos nurodyti BTC futures volume spiked in May and even higher in June hitting $1.32 trillion. Bitcoin futures market leaders, in terms of monthly trade volume, include crypto exchanges like Binance, Bybit, Okex, FTX, and CME Group.
While bitcoin options open interest laikėsi to paties modelio as BTC futures open interest, bitcoin options volumes also saw an padidinti in May and June. Just like bitcoin derivatives and exchange-traded funds, stocks with exposure to crypto assets like BTC z „Coinbase Global“, mikrostrategija, Maratonas, Silvergeitas, Riaušės, and more have also followed bitcoin’s spot market action over the last eight months.
What do you think about the bitcoin ETF and derivatives products following the same pattern as bitcoin spot markets during the last eight months? Let us know your thoughts about this subject in the comments section below.
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Source: https://news.bitcoin.com/bitcoin-etfs-and-open-interest-from-btc-futures-options-follow-crypto-economys-spot-market-decline/