The exchange is giving traders another way to bet on bitcoin.
Bitcoin’s stagnant market is due to investors continuing to explore other cryptocurrencies, says one trader.
JPMorgan points to better liquidity conditions as reasons behind ETH's outperformance relative to BTC, which could provide a tailwind.
Bitcoin's funding rate turned negative over the weekend, which typically precedes price recoveries.
JPMorgan expects bitcoin liquidity should recover, though it may take a few days as market conditions stabilize.
Bitcoin is seen rising towards $70K by May according to several analysts interviewed by CoinDesk.
Bitcoin futures traders are becoming more bullish with extreme upside leverage.
The difference between bitcoin futures premium on CME and other crypto exchanges has widened since the end of March, when Bill Hwang’s troubles surfaced.
BlackRock held $6.5 million in CME bitcoin futures earlier this year with an appreciation of $360,000, new SEC filings show.
The recent rise appears to show traders finding a renewed appetite for risk taking following a market shakeout over the past of couple weeks.
CEO Ed Tilly told Bloomberg Thursday Cboe has not "given up" on bitcoin futures despite prior aborted attempts in the space.
Retail-dominated Bybit is now a bigger bitcoin futures exchange than CME.
As institutional appetite for bitcoin grows, "incumbent banks" will look for ways to satisfy that demand, a Goldman Sachs industry lead says.
Bitcoin's market is over-leveraged now as the cryptocurrency continues its run higher.
Markets still remain bullish; retail traders take to derivatives.