Institutional trading with Bitcoin has an increasing market share

Institutional trading with Bitcoin has an increasing market share

By xlubecx | free life | 11 Apr 2019


Trading investment products for institutional investors in Bitcoin has seen growth for the fourth consecutive month.

It was published by Diar in a new study published on April 8th. DIAR data reveals that the month-on-month percentage of Bitcoin institutional investment products continues to grow in the total volume of Bitcoin trading. While in January 2019 they accounted for only 15%, in February 17%, in March 18% and now 19% of the total.

This data is mainly based on three institutional products, Bitcoin Futures on CME, Bitcoun Futures on CBOE and Bitcoin Investment Trust from Grayscale (GBTC).

In particular, Bitcoin Futures on CME recorded a significant growth in the last month, as CBOE decided to cancel the new Bitcoin Futures in mid-March and review its approach to crypto offerings quotations. Meanwhile, CBOE is working with VanEck and SolidX to obtain SEC approval for its Bitcoin ETF application.

Although trading in investment products for institutions is increasing, it is not at its historically highest point. This was recorded in July 2018 when it accounted for 24% of all trades. Subsequently, it dropped to 10 percent at the end of 2018, from which it has been gradually increasing to 19%.

 

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xlubecx
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