🚀 Bitcoin futures interest hits record $36.3B! 💰 Analysts link this surge to a smart arbitrage move by institutional traders. Here's the scoop:

- The "cash and carry trade" strategy is in play. Traders short Bitcoin on the CME while buying an equal amount via Bitcoin spot ETFs.

- This delta-neutral position shields them from Bitcoin's price risk.

- With Bitcoin at $68,400 and Dec 2024 futures at $73,200, this strategy offers a 6.4% annualized yield, almost risk-free.

Since the start of 2021, Bitcoin futures open interest has grown 21% in BTC terms, and 100% in USD terms. 📈

The cash and carry trade adds depth to markets and keeps spot and futures markets in sync. But, to really kickstart the market, we need a surge of non-arbitrage demand.

What's your take on this strategy? Share your thoughts below! 👇 #Bitcoin #Futures #Arbitrage #MarketTrends