ChainCatcher news, according to Bitcoin.com, Nexo's research analyst Iliya Kalchev stated that the recent surge in XRP open interest indicates that this fourth-ranked digital asset may remain a "focus" in the crypto space for the foreseeable future. He believes this spike signifies "an expansion of the investor base and an increase in trading activity." A significant increase in open interest is often seen as an indicator of rising speculative trading, as traders bet on future price movements.It is worth noting that Kalchev's comments on the surge in XRP open interest were made a few days after reports from Cryptoquant analysts revealed that open interest had grown by over 30%, bringing the total open interest on major exchanges to $4 billion. However, analyst Maarten Regterschot reportedly warned that this surge could be "leverage-driven," increasing volatility risk. In a statement to Bitcoin.com news, Kalchev attributed this growth to favorable regulatory developments and a rebound in the cryptocurrency market.

ChainCatcher news, according to The Block, CF Benchmarks Chief Research Analyst Gabriel Selby stated that the Bitcoin spot ETF has driven an 80% increase in CME Bitcoin futures open interest year-to-date.It is reported that the increase in open interest can be attributed to the basis trading between the Bitcoin spot ETF and CME futures contracts to facilitate arbitrage opportunities. This activity by institutional investors can enhance Bitcoin's liquidity and lay the foundation for a stronger and more interconnected market ecosystem.