CME: Asia-Pacific institutional investors with high hedging demand have begun shifting to cryptocurrency investments
According to Jinse Finance, Tim McCourt, Senior Managing Director of CME Group, stated in an interview with Hong Kong media Ming Pao that the open interest of CME Group's virtual currency instruments has approached $40 billion, with strong investment market demand from the Asia-Pacific region. He noted that a reduction in US interest rates would trigger non-US funds to seek hedging opportunities. For example, in the GMT+8 time zone, many institutional investors have already begun shifting their investments toward virtual currencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump Says He Will Not Run as Vice Presidential Candidate in the 2028 Election
Whale starting with 0x960 goes long on BTC and ETH at high prices, with total positions exceeding $37 million
Data: The "100% win rate whale" BTC and ETH long positions have now made over $20 million in unrealized profits.
