ICE (Intercontinental Exchange) Futures U.S. new Bakkt Bitcoin Daily Futures Contract could begin trading on Wednesday December 12th, of course, pending regulatory CFTC approval.
Unlike the CBOE Futures, this product will be offering physically settled Bitcoin futures contracts. It ironic timing too because it will be almost a year to the day when the CBOE Futures started trading (December 10th). Originally the exchange was supposed to go live in November but for unknown reasons, this got pushed back into December.
Bakkt will hold the physical Bitcoins in the ICE Digital Asset Warehouse, each contract size will be one Bitcoin, and contracts are eligible to trade every exchange business day.
“Each futures contract calls for delivery of one bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in U.S. dollar terms. One daily contract will be listed for trading each Exchange Business Day.” -According to the announcement
Will the hype around this platform do enough excitement among both retail and institutional investors to bring about the next bull run like the CBOE Futures did in October 2017?
