In line with a recent news published by ‘The Block,’ the international exchanges’s Bakkt digital currency platform might get approval to launch its physically-delivered Bitcoin (BTC) futures product from U.S. regulators next week.
Bakkt,thatseeksto makea “regulated ecosystem” for institutional investorstryingto achieveexposure to cryptocurrencies, hadantecedentlyconfirmed its plan to launch its futures product dated 12th Dec.
However, there’s no official announcement that whether the regulators aresupportingthis project or not but as per the present information ICE’s Bakktcanschedule launching its Bitcoin [USD] Daily Futures Contract forindividualsassoon as the1stweek of next month,as per an anonymous source“with directinformationofthe case,” The Block added.
Theanonymous source conjointlytold the publication that ChicagotradingshopDVtradingwould betrading Bakkt product.
Concerns that non-custodialofferscanultimatelytrim the industry’sbelievability thathave surfaced from cryptocurrency figuresespecially, with crypto enthusiast Andreas Antonopoulos warning over the impact of regulators approving Bitcoin exchange-traded funds [ETF]within thefuture.
Non-physical Bitcoin futuresprimarilylaunched from CBOE and CMEgroup earlierinDec. last year. Poor returns have combined with volatility in marketsnear tosettlement dates, sparkingdiscussionsamong several analysts and experts.