Chicago-based CME Group is planning to launch spot bitcoin exchange-traded funds (ETFs) due to growing demand for such funds after launching several spot ETFs earlier this year, the Financial Times reported on Thursday.
The report added that it is not yet clear when immediate trading of Bitcoin will become available on the famous American exchange, as the plan has not yet been finalized.
It is worth noting that in early 2020, the Chicago Mercantile Exchange launched Bitcoin options on its futures contracts, and the Chicago Mercantile Exchange comes in second place in terms of the value of options, far behind the Deribit platform.
Data provided by CoinGlass indicates that the Chicago Mercantile Exchange currently leads when it comes to open interest in Bitcoin futures at $9 billion, especially as it outperforms major players in the crypto space such as Binance, OKX, and BitMEX.
