Since the launch of Bitcoin futures on the CME, 550,000 contracts have been traded, and the introduction of BTC event contracts gives investors a less expensive way to trade their predictions of whether the price of Bitcoin will go up or down. The SEC rejected VanEck’s application for a spot Bitcoin trust, and Grayscale’s legal action against the SEC is still pending.
Bitcoin surges past $24,000 on CME launch of BTC event contracts