Core Insights - Institutional investors are increasingly engaging with CME Group's regulated crypto derivatives markets, leading to record levels of open interest in futures and options for ether (ETH), solana (SOL), and XRP [1][2][3] Group 1: Market Trends - Since October 10, open interest in CME's crypto futures and options has surged by 27%, attributed to a migration from offshore markets following recent liquidations [1] - On Tuesday, open interest in ETH futures reached a record 48,600 contracts, while SOL and XRP futures also achieved all-time highs of 20,700 and 10,100 contracts, respectively [2] - Options open interest hit $9 billion, indicating a growing preference for CME's regulated products over offshore alternatives [2] Group 2: Participation and Volume - The top 10 days for open interest occurred in October, reflecting strong conviction and increased participation in the regulated crypto derivatives market [3] - In the third quarter, CME reported combined crypto futures and options volume exceeding $900 billion, with average daily open interest at $31.3 billion [4] - Over 1,000 large open interest holders were active during this period, suggesting a broadening usage of these products beyond a niche market [4] Group 3: Product Performance - The growth in interest is not limited to bitcoin or ether; CME's solana and XRP futures have also gained significant traction [5] - By September, solana futures reached $2.1 billion in open interest, while XRP futures hit $1.4 billion [5]