Not even halfway through the trading day and already almost 5,000 micro Bitcoin futures contracts have traded hands, or ~$30 million of notional in all.
$CMEpic.twitter.com/cUiFnKLhP1
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Will be very interesting to see if the micro contract trades at a larger premium to spot than the full size. Hypothesis is that retail traders might use it for leverage and push the premium up, whereas retail unlikely to be active in the full size.
My guess is it won’t since there is probably enough institutional arb capital on CME to keep them in line (and they can probably be cross margined). But I’m not 100% sure of that.
