Open Positions on Chicago Mercantile Exchange Bitcoin Futures Hit Record High

The number of open contracts for CME bitcoin futures is reportedly at an all-time high. The number of open contracts for the Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures is reportedly at an all-time high, cryptocurrency news outlet Coindesk reported on June 3.According to visible data released by the United States Commodity Futures Trading Commission (CFTC) data, the number of open positions for the aforementioned future contract in the week from May 27 to June 3 is 5,190.Coindesk claims that this is the highest number of open positions that CME’s bitcoin futures have ever reported and a 7% increase over the previous week.Per the report, the recent increase in futures trading activity could be a sign of increased institutional interest in bitcoin.…