The weekly expiry limits basis and caps rollover costs, facilitating improved profitability, particularly aiding news traders looking to capitalize on key U.S. economic data releases.
Unlike monthly contracts, which are influenced by a wide range of events over four weeks, the weekly contracts allow investors to better express views on Bitcoin's reaction to specific events.
The first-day trading volume of over 31,000 contracts marked the CME's most successful crypto futures launch ever, indicating strong market enthusiasm for the new product.
The new Friday futures contracts provide benefits to traders, including lower rollover costs and a more focused trading strategy tied to significant news events.
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