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home / news releases / OBTC - 5 Reasons The 2024 Bitcoin Halving Is Different

OBTC - 5 Reasons The 2024 Bitcoin Halving Is Different

Osprey Bitcoin Trust Unit Ben Int

2024-04-13 06:20:00 ET

Summary

  • CME Group Bitcoin products have helped establish a robust derivatives marketplace for bitcoin, with average daily open interest in Bitcoin futures rising to $11 billion in March.
  • Bitcoin halvings decrease the reward granted to miners for each block mined on the bitcoin blockchain as determined by the bitcoin protocol.
  • Bitcoin’s designation as digital gold underscores its role as a store of value, particularly amidst the scarcity reinforced by halving events.

Originally posted on April 11, 2024

By Payal Shah

At A Glance

  • CME Group Bitcoin products have helped establish a robust derivatives marketplace for bitcoin, with average daily open interest in Bitcoin futures rising to $11 billion in March
  • A new element ahead of this halving is the rise of spot bitcoin ETF inflows, which are far exceeding the current pace of new bitcoin supply

For further details see:

5 Reasons The 2024 Bitcoin Halving Is Different
Stock Information
Company Name: Osprey Bitcoin Trust Unit Ben Int
Stock Symbol: OBTC
Market: OTC
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