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
Read the full article on Seeking Alpha
For further details see:
5 Reasons The 2024 Bitcoin Halving Is Different