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Bitcoin Risk Management Moves to the Fore
Derivatives traders are focused on managing risks linked to the price of Bitcoin after a string of spot ETFs launched in January and a major upcoming event, Bitcoin's halving, fuels new hedging opportunities. Indeed, open interest in CME Group Bitcoin futures hit an all-time-high on January 12, the day U.S. regulators approved 10 new Bitcoin spot ETFs for trading, enlarging the space beyond Bitcoin futures. chart Moreover, an average of 66,000 Bitcoin futures contracts changed hands daily in the same month, representing a nearly 50% jump month-on-month and surpassing their previous high in November 2022, according ... (full story)