CBOE, a major market for Bitcoin futures contracts, saw a significant boost in volume on Wednesday.
Available market data shows that CBOE saw its highest-ever volume for Bitcoin futures since it first debuted the contracts back in December.
18,210 contacts for the May futures were traded.
CBOE Options Institute senior instructor Kevin Davitt, in a social media video posted on Thursday, said that “Average daily volume (ADV) runs about 6,600 in XBT Bitcoin Futures. Yesterday’s volume was nearly three times ADV… We will certainly be watching to see if this is a volume aberration or if more and more institutional types are moving into crypto.”