NASDAQ To Launch A Bitcoin Futures Product In 2019
According to a report by Bloomberg, NASDAQ will continue its plans to launch a Bitcoin futures product, probably in the first part of 2019.
According to the report:
Nasdaq has been working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts, the people said. The New York exchange operator, which was first reported to be eyeing Bitcoin futures last year, wants to allow trading in the first quarter of 2019, one of the people said.
Bakkt, which will deliver Bitcoin physically to its members (as opposed to a futures product, which doesn't deliver physical Bitcoin, but a paper saying you own Bitcoin) is also set to launch on January 24th 2019 (after postponing it from December this year).
Both initiatives are a clear sign of interest from the institutional money groups for crypto related assets. I won't go as far as saying that these news are bullish, because, as we saw with the futures launched last year, institutional money played bearish for most of 2018, but I see them as positive, nonetheless.
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All the big players want to jump in and reducing the price of bitcoin by fomo all things are interconnected
Institutions are slow. Most people seem to think when we have bakkt and/or ETF's, the crypto market will suddenly shoot up. I don't believe this will happen at all. They will take their time.
Positive in terms of adoption, buy negative in terms of market manipulation by the cabals.
The easy money is gone and the institutions are late to the game. Hopefully we will see a new crypto market with sustainable growth.
Hopefully cryptos in general will get a boost which is much needed
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Sure, there is great interest of big finance institutions, as we have seen yesterday with the lunch of Krypto-Index HODL5 from the biggest Swiss Stock Exchange.
By the way, will Bakkt's physical Bitcoin consist of gold?
resteemed on behalf of @red-rose owner mr. samer.
when large institutes put their noses in such systems , that is meaning one thing : they begin to believe in the virtual crypto money.
results on long run will be after few years from this post :
btc will return back to USD20,000
STEEM will return back to levels more than USD10