Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions

Published 02 Oct 2026, 10:47 UTC. Updated 02 Oct 2026, 17:34 UTC.

Rising open interest and funding rates signal renewed demand for bullish bitcoin exposure.

Directly affected

BLSH Bullish
Named in this report.

Indirectly affected

IBIT iShares Bitcoin Trust
This price moves with the crypto market
COIN Coinbase
The crypto exchange moves with trading volumes
MSTR Strategy
This company's value is tied to its bitcoin holdings
MARA MARA Holdings
Bitcoin miners move with the bitcoin price
RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
HOOD Robinhood
Retail trading apps move with crypto volumes
BITU PROSHARES ULTRA BITCOIN ETF
GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
BITX 2X BITCOIN STRATEGY ETF
GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
GBTC GRAYSCALE BITCOIN TRUST ETF
GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
BITB BITWISE BITCOIN ETF TR
GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

Ticker	T-5	T-3	T-1	T0	T+1	T+2	T+3
BLSH	—	—	—	—	—	—	—
IBIT	—	—	—	—	—	—	—
COIN	—	—	—	—	—	—	—
MSTR	—	—	—	—	—	—	—
MARA	—	—	—	—	—	—	—
RIOT	—	—	—	—	—	—	—
HOOD	—	—	—	—	—	—	—
BITU	—	—	—	—	—	—	—
BITX	—	—	—	—	—	—	—
GBTC	—	—	—	—	—	—	—
BITB	—	—	—	—	—	—	—

The price since 2 Oct 2026: Proshares Ultra Bitcoin Etf (BITU) versus the S&P 500

Since the first closing price after “Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions,” Proshares Ultra Bitcoin Etf (BITU) is -9.76%. The S&P 500 fund (SPY) is -1.08% over the same days, a -8.68% difference versus the market.

BITU

SPY

Who gains and who loses around Proshares Ultra Bitcoin Etf (BITU)

Companies carried with this story

BITU Proshares Ultra Bitcoin Etf
Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions.” Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
BITX 2X Bitcoin Strategy Etf
2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions.” Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
GBTC Grayscale Bitcoin Trust ETF
Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions.” Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
BITB Bitwise Bitcoin ETF
Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions.” Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
IBIT iShares Bitcoin Trust ETF
In “Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
AGZD Wisdomtree Interest Rate Hedged U.S. Aggregate Bond Fund
In “Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions,” Wisdomtree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) is linked, with no stored direction, medium confidence. Reason on file: GA selected AGZD as a RELATED security because its canonical security name directly matches this event's themes: interest. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Proshares Ultra Bitcoin Etf (BITU)

On 2 Oct 2026, “Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions” is the story that connects Proshares Ultra Bitcoin Etf (BITU) to this story.

What ties Proshares Ultra Bitcoin Etf (BITU) to the headline is this: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

A second company, 2X Bitcoin Strategy Etf (BITX), is listed for a different reason: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

The price range for Proshares Ultra Bitcoin Etf (BITU), and the dates in the story

BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. BITX traded between 17.70 and 21.33 across 20 sessions. The latest close on file is 18.59. GBTC traded between 61.55 and 67.38 across 20 sessions. The latest close on file is 63.11.

A simple score for Proshares Ultra Bitcoin Etf (BITU)

100 out of 100

“Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions” scores 100 out of 100. The score uses 6 linked companies.