Institutions Flood Back to Crypto, Lean Long on Bitcoin (BTC)

At long last, institutional fever for Bitcoin (BTC) and crypto is spreading once again. This time, they may just be here to stay. That’s the hope anyway.

As recently pointed out by John Todaro of TradeBlock, institutions seem to be clamoring for common Joes and Jills’ Bitcoin and other digital asset holdings. In a recent tweet, Todaro pointed out that trading activity on futures/derivatives platforms outpaced spot exchanges for the first time in May, “suggesting a rise in institutional interest” in this space. Indeed, as seen in the chart below, notional trading volume seen on the CME’s paper Bitcoin market almost eclipsed that seen on all established spot platforms. The chart below didn’t even take other prominent derivative markets into account.

Original source
https://ethereumworldnews.com/institutions-back-bitcoin-market-important-crypto-catalyst/

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