Bakkt Bitcoin Futures Volume on Track to Nearly Double Recent All-Time High

It may have taken a few months but it appears as if the institutional interest in Bakkt’s physically-settled Bitcoin futures contracts has started to really pick up steam. On Friday, the daily volume hit a new all-time high of $15.5 million — but early indications today predict $28.6 million on the cards.

Bakkt’s volume languished under $2 million in daily volume since its launch in September and halfway through October. However, a sudden boom in the price of Bitcoin appeared to be the catalyst to set things off.

On October 23, Bakkt’s all-time high more than doubled to 4.8 million. It then crossed over $10 million, two days later. Now, even with Bitcoin’s price below $9,000 again, a substantial new all-time high is looming. Read More...