Investors Take Note – Intercontinental Exchange Will List its First Bitcoin Futures Contract in December

Colleagues, the advent of the ICE Bakkt physically settled daily Bitcoin futures contract would bring cryptocurrencies to the mainstream for institutional investors. The NYSE’s parent company, ICE, decided that a futures contract rather than a security was the most efficient route to market given the Commodity Futures Trading Commission’s “self-certification” process when compared to the US SEC’s stringent process for approving ETFs.  Each futures contract will be valued at one (1) Bitcoin – currently trading at $6319.09 USD held in the Bakkt Digital Asset Warehouse. While most investor attention has been focused on have cryptocurrencies categorized as “securities” (under the auspices of the US SEC), the ICE Bakkt futures scenario opens-up a new vehicle for the trade of digital assets. We anticipate similar moves by the US CBOE and its counterparts in Europe and Asia over the next 12 months. Post a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)