Bakkt Sets July Test Date for Bitcoin Futures

Bitcoin futures exchange Bakkt announced Monday that it is moving forward with plans to launch physically-settled bitcoin futures products.

In a blog post, Bakkt CEO Kelly Loeffler wrote that Bakkt had “worked closely” with the U.S. Commodity Futures Trading Commission (CFTC), the regulatory agency in charge of overseeing derivatives products in the country, and would be testing its bitcoin futures contracts this summer.

No launch date was announced, and indeed, Loeffler did not explicitly say that the company’s proposal to self-custody its bitcoin and clear through its parent company’s warehouse (Intercontinental Exchange’s ICE Clear US) had been approved.

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