In the field of digital currency, Binance has always been a high-profile exchange. However, the recent launch of BITOETF has brought earth-shaking changes to the Bitcoin futures market. The rise of BITOETF has not only set off waves in the market, but also made CME the world's largest Bitcoin futures exchange. What is the deep meaning behind this change? Let us unveil this exciting journey of change in the field of digital currency.

The launch of BITOETF is undoubtedly a great news in the digital currency market. As the first Bitcoin ETF, it has set off a wave of enthusiasm in the cryptocurrency industry. Investors have flocked in, hoping to share the dividends of Bitcoin through BITOETF. This fast-growing trend has also triggered a rethinking of the traditional Bitcoin futures market.

As the world's leading derivatives exchange, CME quickly adjusted its strategy and seized the opportunity under the leadership of BITOETF to become the world's largest Bitcoin futures exchange. This transformation not only reflects CME's keen grasp of market changes, but also demonstrates its leading position and strong strength in the field of digital currency.

With the launch of BITOETF, CME's Bitcoin futures trading volume has been rising steadily and its market share has been expanding. Investors have chosen CME as their preferred platform for trading Bitcoin futures, which has further consolidated CME's position in the field of digital currency derivatives trading. The successful launch of BITOETF has brought more liquidity and trading opportunities to CME, allowing more investors to participate and share the dividends of the digital currency market.

In addition to the expansion of the market size, the impact of BITOETF on CME is also reflected in the brand image and influence of the exchange. As the world's largest Bitcoin futures exchange, CME's reputation has been further enhanced, attracting the attention and favor of more investors and institutions. This increase in influence not only brings more trading opportunities, but also lays a solid foundation for CME's future development.

From Binance to BITOETF, and then to the rise of CME, the changes in the digital currency market are remarkable. In this great change in the field of digital currency, the launch of BITOETF has brought new opportunities and challenges to CME, making it the world's largest Bitcoin futures exchange. This change not only affects the pattern of the digital currency market, but also leads the development direction of future digital currency transactions. As the digital currency market continues to evolve, CME will continue to play its leading role and help the digital currency industry reach new heights. The light of BITOETF illuminates the future of CME and injects new vitality into the prosperity of the digital currency market.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

As the first listed Bitcoin futures ETF has attracted investors' investment and strong interest, the accumulated trading volume exceeded US$320 million in just the first 30 minutes, and exceeded US$1 billion on the first day, driving the overall buying momentum of the futures market.

According to foreign media Coindesk on the 22nd, the Chicago Mercantile Exchange (CME) has surpassed to become the world's largest Bitcoin futures platform. CME alone accounts for 22% of the total global futures open interest of US$25.7 billion, or US$5.68 billion, while the total contract amount of Binance is US$5.66 billion.

According to the chart, the funds locked in CME futures contracts have increased threefold this month. Among them, $BITO has injected up to US$1.5 billion into the market after its listing on Tuesday (9).

Too popular, approaching the position limit

According to previous reports in the currency circle, $BITO, which is warmly welcomed by the market, is about to reach the total contract amount originally set by CME positions, forcing CME to raise the original 2,000 contract threshold to 4,000 contracts, but the increase in the threshold is limited to this month.

Pankaj Balani, CEO of Delta Exchange, a cryptocurrency derivatives exchange, said that it is necessary for exchanges to enforce position limits to prevent a single entity from unilaterally controlling the market and prices: the market is flexible and the position size needs to be limited according to its own situation. The report also said that the contract of Proshares' fund expiring in October is about to hit the upper limit of the original limit, causing investors to rush to buy futures with longer terms, which will cause the fund to have significant deviations in tracking prices. More ETFs are expected to be launched As more ETFs are launched, this situation is expected to ease. Leah Wald, CEO of Valkyrie, a crypto asset management agency, also said in an interview with foreign media CNBC last Thursday that the problem of limiting positions will be solved after more ETFs enter the market: because there will be more and larger contract holders, it will be relatively difficult for an individual to control the market at this time. After the Valkyrie Bitcoin Futures ETF began trading on Nasdaq last Friday, another Bitcoin Futures ETF VanEck is also expected to be listed in the near future.