The crypto industry continues to anticipate the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States as more investment managers file amended applications with the Securities and Exchange Commission (SEC).
The high level of anticipation has even caused the Chicago Mercantile Exchange (CME) to leap positions among derivatives exchanges in terms of Bitcoin (BTC) open interest, overtaking traditional crypto exchanges and highlighting the demand for a spot Bitcoin product. The CME also saw its cash-settled futures contracts exceed 100,000 BTC in volume recently.