Bitwise NEAR ETP Crosses $100M Mark: Win for Crypto Adoption, Doubts About Demand
Bitwise NEAR ETP tops $100M, driven by NEAR's 135% price surge, not new investor demand.
CME Group to list BCH and UNI futures on October 19; UNI rose 5%, BCH 10% on news. Listing seen as credibility boost, not guaranteed price driver.
CME Group is set to introduce futures for Bitcoin Cash (BCH) and Uniswap (UNI) into its crypto derivatives lineup on October 19, subject to regulatory approval. UNI rose roughly 5% within moments of the announcement, while BCH advanced nearly 10%.
The largest derivatives exchange globally confirmed the contracts on Tuesday. Each token will be available in a standard size and a smaller micro size for traders seeking less exposure per contract.
A futures contract enables traders to speculate on or hedge against a token's price without owning the token itself. CME falls under the oversight of the Commodity Futures Trading Commission (CFTC), the US derivatives regulator.
Numerous banks, hedge funds, and asset managers are unable to trade on offshore crypto exchanges, making a CME contract often their sole gateway into a coin.
Standard contracts will represent 10,000 UNI or 250 BCH. Micro contracts will cover 1,000 UNI or 25 BCH. At current prices, a standard UNI contract equals roughly $90,000 in exposure, and a standard BCH contract about $69,000.
CME already operates a substantial crypto business. Its crypto contracts averaged 279,800 trades per day in the first half of 2026, with $8.3 billion in notional value, as stated in the announcement. The exchange added Cardano, Chainlink, and Stellar futures in February and transitioned to round-the-clock crypto trading in May.
Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, characterized the additions as a response to institutional demand.
“As crypto markets continue to mature, participants require broader, regulated tools to navigate evolving digital asset related price risk,” Vicioso said.
In the near term, the market has already reacted. Both tokens rallied within minutes because a CME listing signals that regulated money can now establish positions in them.
The longer-term outlook is more nuanced. Futures allow institutions to gain exposure but also facilitate shorting. Bitcoin's first CME futures launched in December 2017, just before that cycle's peak. Meanwhile, Cardano sat at a five-year low months after its own CME contracts were introduced.
Thus, the listing represents a credibility boost rather than a guaranteed price catalyst. The metric to monitor post-October 19 is open interest. If institutions genuinely build positions in the new contracts, the demand narrative strengthens. If volume remains weak, the rally might turn out to be a one-day headline trade.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Bitwise NEAR ETP tops $100M, driven by NEAR's 135% price surge, not new investor demand.
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