![Bitcoin CME futures and Coinbase show renewed premiums as institutional interest spikes](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/01/bitcoin-cme-futures.jpg&w=70&h=37&q=75)
Quick Take
A notable development ensues as Bitcoin enters 2024 with the reappearance of premiums on both Chicago Mercantile Exchange (CME) futures and Coinbase. Data analysis reveals a discernible price discrepancy between CME’s Bitcoin futures, trading approximately at $46,400, and Binance’s BTCUSDT pair, exchanging hands at about $45,300. This almost $1,000 variance emerges as the fifth-largest differential observed in the past year.
![BTCUSD CME vs BTCUSDT: (Source: Trading View)](https://cryptoslate.com/wp-content/uploads/2024/01/cme.png)
Further, the Coinbase premium, too, has made a comeback. The BTCUSD pair on Coinbase is seen trading for $45,400, in contrast to the BTCUSDT pair, set at $45,300. This evolving landscape indicates a resurgence in institutional interest, primarily from the United States, coinciding with the potential approval of a Bitcoin spot Exchange-Traded Fund (ETF).
![BTCUSDT: (Source: Trading View)](https://cryptoslate.com/wp-content/uploads/2024/01/USDT.png)
While the dynamics of this resurgence are multifaceted, it is clear that the potential approval of the spot ETF may have a major role in this shift.