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Is a physically delivered Bitcoin Futures on the horizon?

May 14, 2019 | Cryptocurrency

Bitcoin has been breaking key resistance levels and has consistently been reaching new highs. This growth is being driven by strong market fundamentals. The key development here is the launch of Bakkt, which is the New York Stock Exchange (NYSE)’s parent Intercontinental Exchange’s digital assets trading platform.

In essence, the launch of a physically delivered Bitcoin Futures signals the foray of institutional investors into Bitcoin and is an epoch making event. Once this happens, Bitcoin could potentially breach its $20,000 2018 highs.

Bakkt has also highlighted in a filing with the CFTC on May 13, that its bitcoin futures shall get listed on a federally regulated futures exchange in the months to come. Two futures contracts which is a monthly Bitcoin futures contract and a daily settlement Bitcoin future shall be launched.

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  • Bitcoin

    BTC

    $3,243.29

    3,517.8 (24H Volume)
  • Bitcoin

    BTC

    $3,243.29

    3,517.8 (24H Volume)
  • Bitcoin

    BTC

    $3,243.29

    3,517.8 (24H Volume)
  • Bitcoin

    BTC

    $3,243.29

    3,517.8 (24H Volume)