The Chicago Mercantile Exchange (CME) recorded a record of $13.15 billion in daily trading volume for Bitcoin futures, indicating the increasing popularity of Bitcoin in financial markets.
Bitcoin's price surged past $75,000 after Trump's re-election, fueling demand and attracting strong interest from institutional investors.
The CME's basis, measuring spot-to-futures price gaps, rose sharply from 7% to over 15%, indicating heightened demand for Bitcoin futures among US institutional investors.
The Bitcoin options market anticipates further gains, with contracts targeting $80,000 as November contracts approach expiration, supported by hopes for regulatory easing under Trump's administration.