The price may be stalling, but institutional and retail demand for bitcoin is stronger than ever, CME Group said. “What’s interesting is when we saw the run-up in price, there certainly was a corresponding upwelling of institutional interest,” said Tim McCourt, managing director and global head of equity product at CME Group. “More and more firms and institutions were allocating part of their portfolio to bitcoin, that still remains the case based on our conversations with clients.” The world’s largest financial derivatives exchange started offering bitcoin futures contracts in late 2017, right as the digital asset ... (full story)