Binance is facing a challenge from the CME Group as the world’s biggest Bitcoin Futures market, with a difference of just $300 million. The increase in institutional interest is one of the biggest contributors to this phenomenon, who are more prone to trade on CME exchanges. The past week registered $326 million worth of inflows into crypto products, the highest since July 2022.
Owing to the ongoing Breakpoint conference, SOL is on every investor’s watchlist, whereas Ethereum noted outflows worth $6 million in the same duration. Institutional investment inflows by asset The sudden increase in institutional investment is a sign that optimism clearly plays the most important role in determining interest, and the potential of Bitcoin ETF approval is certainly a major driving factor of said optimism.