Institutional traders are prioritizing bitcoin over ether exposure so far in 2023, according to a report from digital asset analysis firm Arcane Research. Open interest in bitcoin (BTC) futures listed on the derivatives giant Chicago Mercantile Exchange (CME) has climbed 6% this year while CME’s ether (ETH) futures have declined by 29% in open interest, Arcane Research said. Open interest is the total number of outstanding derivative contracts that have not been settled for an asset. {chart} “This open interest trend deviates from the normal trend in CME futures, and it illustrates that BTC has led the early 2023 ... (full story)