Bitcoin Sees Surge in Institutional Demand Following Trump’s Victory as CME Futures Reach Historic Trading Volumes

On November 7th, COINOTAG News reported insights from CryptoQuant’s Research Director, Julio Moreno, highlighting a notable resurgence in US investor interest for Bitcoin. Following Trump’s electoral victory, the Coinbase premium has become positive for the first time since mid-October, indicating heightened demand primarily driven by institutional players. The trend is evident as Coinbase remains a top choice for large-scale transactions.

Moreover, the daily trading volume for Bitcoin futures at the Chicago Mercantile Exchange (CME) reached an unprecedented $13.15 billion recently, marking a landmark moment for institutional involvement in cryptocurrency markets. Vetle Lunde, K33’s Research Director, noted that the average daily volume for 2024 currently stands at $4.56 billion—reflecting a significant uptick compared to the trading activity during the FTX collapse in November 2022.

This surge in trading volume illustrates a definitive transition towards increased participation from institutional investors in the Bitcoin ecosystem. Additionally, data reveals that the average monthly open interest for CME Bitcoin futures surged to an all-time high of $11.73 billion in November, further underscoring the growing trend of institutional engagement in the cryptocurrency sector.

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