Institutional Investors Show Record Interest in Bitcoin Instruments

Institutional investors in the United States are showing a growing interest in Bitcoin instruments, even while awaiting the approval of a Bitcoin Exchange-Traded Fund (ETF). Recent data from the CME Group, the Chicago-based stock exchange, confirms this trend, indicating a historic increase in the purchase volumes of financial Bitcoin instruments. Throughout the third quarter of this year, the volume of Bitcoin futures trading increased by 11%, and contract purchases surged by 22%. Remarkably, this growth occurred even in the absence of a significant rise in the price of Bitcoin, underscoring the strategic interest of institutional investors in this leading cryptocurrency.

In anticipation of Bitcoin ETF approval, investors are actively seeking alternative ways to invest in the Bitcoin ecosystem. Bitcoin proxy instruments have become a popular choice, especially when it comes to investing in the stocks of companies in the United States engaged in Bitcoin mining. As a result of such investments, the stocks of 19 out of 22 public miners in the U.S. have significantly outperformed the Nasdaq Composite index since the beginning of this year, showing a profit of +25.54%.

Leaders in this growth include corporations like Marathon Digital Holdings, Riot Platforms, and Cipher Mining, which have demonstrated impressive stock price increases since the start of the year: +120.67%, +163.1%, and +356%, respectively. While some companies, such as Greenidge, Cathedra, and Sphere 3D, have shown more modest gains, amounting to +22%, +20%, and +17%, respectively.

These data indicate growing confidence among institutional investors in the future of Bitcoin and the cryptocurrency market. Despite price fluctuations, investments in Bitcoin and related instruments remain attractive to a wide range of investors, and the situation only underscores the interest in this new form of digital assets.

Institutional investors are showing a remarkable interest in Bitcoin instruments, reflecting their trust in cryptocurrency as an asset. Not only Bitcoin itself but also instruments related to it and companies involved in Bitcoin mining are becoming the focus of investors' attention, potentially contributing to the further development of the cryptocurrency market and its infrastructure.