Who is long and who is short CME Bitcoin and Ether futures, from the CFTC's weekly Commitments of Traders report (Traders in Financial Futures). Positions are as of each Tuesday and published on Friday.
Bitcoin: leveraged funds net short 7,953 contracts (≈ 39,765 BTC) in the week to 22 Sep 2026. Ether: leveraged funds net short 10,617 contracts (≈ 530,850 ETH) in the week to 22 Sep 2026.
Positions as of 22 Sep 2026Source: CFTC Traders in Financial FuturesUpdated weekly (Fridays)
How to read it. Net = long minus short contracts; positive is net long, negative net short. Leveraged funds (hedge funds and CTAs) are often short CME futures against long spot or ETF holdings (the basis trade); asset managers are usually net long. Full history, weekly changes and a chart are on the Bitcoin and Ether pages. Source: CFTC Commitments of Traders, Traders in Financial Futures, futures only. Public domain.
COT report FAQ
What is the COT report?
The Commitments of Traders (COT) report is published every week by the US Commodity Futures Trading Commission (CFTC). It breaks down the open interest of each US futures market by type of trader. For financial futures such as CME Bitcoin and Ether futures, the Traders in Financial Futures (TFF) version splits large traders into dealers, asset managers, leveraged funds and other reportables; everyone below the reporting level is counted as non-reportable.
When is the COT report released?
Every Friday at 3:30 pm US Eastern time, with positions as of the Tuesday of that week. After US federal holidays it comes out a day or more later. This page checks for the new report shortly after each release.
Who are leveraged funds and asset managers?
Leveraged funds are hedge funds, commodity trading advisors (CTAs) and other money managers. In crypto futures many of them run the basis trade: long spot bitcoin or ETF shares and short CME futures to earn the premium, so a large net short is not simply a bearish bet. Asset managers are pension funds, endowments, insurers and institutional fund managers, usually net long. Dealers are banks and other intermediaries.
Does this include Binance or other crypto exchanges?
No. The CFTC only reports US-regulated futures. This page covers the standard CME Bitcoin and Ether futures contract (5 BTC for Bitcoin, 50 ETH for Ether); CME Micro contracts are reported separately and are not included. Offshore perpetual futures are on the open interest and long/short ratio pages.
Where does the data come from, and can I reuse it?
From the CFTC's own public reporting API (Traders in Financial Futures, futures only). CFTC reports are works of the US government and are in the public domain, so you can cite and reuse the numbers on this page freely. Nothing here is financial advice.