Wow this a story of #Bitcoin

#Portfolio

Collectively is the most successful ETF launch in history, building $5 billion in AUM overnight, amassing $65 billion in AUM to date.

The post-U.S. election crypto rally witnessed bitcoin’s price exceed $100,000 for the first time in its 16-year history and bitcoin’s market cap cross $2 trillion. CME’s suite of Bitcoin futures, including Bitcoin (BTC) futures, Micro Bitcoin MBT futures and Bitcoin Friday futures (BFF), acted as the source for price discovery and crossed the $100K marker ahead of the spot markets.

Our suite of Cryptocurrency Reference Rates and Real-Time Indices as well as futures and options have played a pivotal role in the maturation of bitcoin and ether markets, allowing for unparalleled price discovery in a transparent and liquid futures market.

Figure 1: timeline of the evolution of cryptocurrency products at CME Group

Source: CME Group

Today, our reference rates serve as the benchmarks for global Bitcoin ETFs while our Bitcoin futures are the foundation on which those ETFs were built. Since November of 2023, we are the world’s largest Bitcoin derivatives exchange measured by futures OI, with more than $20B in BTC notional OI and our market participation exceeding 30%. Our November BTC suite ADV,- our best ever, exceeded 140K contracts, having doubled from last month and is now up more than 5x compared to November 2023. That’s more than 116K equivalent bitcoin, or more than $10B in daily risk transference. In 2024, 16.8M Bitcoin contracts were traded across the suite, valued at over $1.4T