Bitcoin Investment Products See Record Inflows in October 2022.

Bitcoin futures markets are seeing the largest money flows in over a year as traders likely bet on price movements amid a flurry of crypto exchange-traded fund (ETF) filings. Open interest on bitcoin futures increased to over $11 billion over the weekend to their highest level since May last year. Rising open interest either means that new money is flowing into the market or existing participants are increasing their allocation. The rise in bitcoin futures trading comes parallel to a bump in volumes and buying activity on bitcoin options markets, used mainly by sophisticated investors to hedge against price swings or take levered bets on bitcoin movements.