Bakkt Bitcoin futures launching on Sep 23 could be the catalyst for BTC’s trend

Bakkt’s Bitcoin futures are on schedule to launch on Sept. 23, coinciding with a technical pivotal point on BTC’s daily chart.

Bakkt’s Bitcoin futures

Bakkt, a subsidiary of the Intercontinental Exchange (ICE), was recently granted approval from the U.S. Commodity Futures Trading Commission (CFTC) for crypto-settled Bitcoin futures. These contracts are meant to allow institutions to gain exposure to Bitcoin while acting as a tool for more sophisticated trading strategies.

Unlike existing Bitcoin futures contracts from the Chicago Mercantile Exchange (CME), which are only settled in cash, this will be the first physical Bitcoin-settled futures on the market.

Several analysts, such as @Rythmtrader, believe that this could be the catalyst that takes cryptocurrencies into the mainstream, bringing institutional capital and liquidity into the space. Read More at CryptoSlate...

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