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Wilshire Phoenix：Bitcoin Futures Impact Price More Than Spot Markets
Summary: A new report from investment firm Wilshire Phoenix on Oct. 14 claims that the Chicago Mercantile Exchange’s（CME）cash-settled Bitcoin futures trading products affect Bitcoin’s price. “The findings of Wilshire Phoenix indicate that CME Bitcoin Futures contribute more to price discovery than its related spot markets,” said the report, adding: “A leading futures market suggests the existence ...
A new report from investment firm Wilshire Phoenix on Oct. 14 claims that the Chicago Mercantile Exchange’s（CME）cash-settled Bitcoin futures trading products affect Bitcoin’s price.
“The findings of Wilshire Phoenix indicate that CME Bitcoin Futures contribute more to price discovery than its related spot markets,” said the report, adding:
“A leading futures market suggests the existence of a robust base of traders who may trade on such markets for many reasons such as trust in the exchange venue and lower latency.”
Wilshire’s report essentially found that these CME products affect the price of BTC more than the actual BTC itself, which trades on crypto-native exchanges. It also noted the presence of other mainstream futures markets affecting spot prices across other asset classes, so the findings are not out of the ordinary.
By Amy Liu
Tags: Bitcoin,Futures,Market,Price
Link: Wilshire Phoenix：Bitcoin Futures Impact Price More Than Spot Markets [Copy]
