According to JPMorgan, the biggest bank in the United States, the interest in the upcoming Bitcoin options launched by the CME Group is expected to be unusually high, Cointelegraph reports on January 13th.
A group of bank's analysts by Nikolaos Panigirtzoglou stated that “This unusually strong activity over the past few days likely reflects the high anticipation among market participants of the option contract.” They've also gone on to note that there is a visible difference to the state before the Bakkt futures contract launched in 2019, only to start trading at relatively low daily volumes, slowly gaining momentum.
Even though it was one of the most expected projects in regards to the cryptocurrency markets opening up for institutional investors, they have launched to underwhelming performance, which has remained so regardless of the momentum they've managed to gain since. It is therefore hard to believe a second, similar product might succeed in attracting increased attention from the investors, even though CME has considerable experience with crypto backed assets. As the current market situation suggests the prices of major cryptocurrencies are evaluating their way forward at the moment, positive news from CME would certainly be welcome.