Bakkt still looking to sign up key core clients after first week of futures trading

Compared to CBOE’s first-week bitcoin futures launch on Dec. 10 2017, Bakkt’s notional value of contracts traded in its first week equated to ~2.9% of the total CBOE outstanding interest back in late 2017

Bakkt didn’t register enough sizeable reportable traders to hit the CFTC COT report in its first few days of trading

Bakkt still is looking to sign up key core clients, and the historical precedent of CME’s bitcoin product taking four months to see reportable transactions hit the CFTC suggests the jury is still out on the product launch