The brand new micro bitcoin futures are seeing a hot start in their first trading days with 80.561 contracts traded across 7 expirations. The advantage of micro bitcoin futures: an easier risk and money management due to a smaller lot size.
One micro bitcoin future equals 1/10 size of one bitcoin or 1/50 of the large bitcoin future, which is hardly tradeable for private investors due to its enormous lot size. These new an smaller sized micro contracts offer a new way for traders of all sizes to scale their bitcoin exposure with better precision. The new micro bitcoin futures are thus tradeable for private investors with smaller account size.
First week results micro bitcoin
The launch of the new cme micro bitcoin futures was a success. During the first 5 trading days we saw an average daily trading volume of 16.112 contracts and 3.192 contracts in open interest. 36% of the micros traded came from outside the US. Over 50% of the trades were executed during non-US trading hours. On may 10th the new micro bitcoin futures surpassed 100k contracts traded since launch.