CME Bitcoin Institutional Interest Hits New Record

CME Bitcoin futures reached a record all-time of 5,311 contracts or $250 Million this week, as new Institutional money flows into the Bitcoin derivative market. The Importance of Institutional Money According to a recent tweet from one of the world’s largest Bitcoin derivatives marketplace, the number of open BTC1! contracts reached a record $250 Million […]

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Bakkt Will Start ‘Moonshot’ Bitcoin Futures Testing In July

Institutional trading platform Bakkt has announced the latest intended launch date for its Bitcoin futures – and compared the event to the first moon landing. Bitcoin Futures ‘Acceptance Testing’ Coming July 22 In a blog post June 13, Adam White, Bakkt’s COO and original employee of cryptocurrency exchange Coinbase, named July 22 as the date […]

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Bitcoin Futures Record Volume Reflects ‘Incremental’ Institutional Demand

Record Bitcoin futures volume in May is leading mainstream media to determine that Bitcoin is becoming a mature financial asset class. CME’s Half-Billion Dollar Bitcoin Market As Blockchain investor Oliver Isaacs noted June 13, CME Group’s Bitcoin futures set new records for both volume and open interest last month. A total of $515 million in […]

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Bitcoin Futures CME ‘Gap’ Sparks Fears of Another Price Collapse

An unfilled $870 dollar gap on the CME Bitcoin Futures chart is spreading worries of another serious bitcoin price decline, which could send BTC packing all the way back to $7.1K. Let’s take a look. BTC1! CME Future Chart  On the daily BTC1! Futures chart, we can see a significant gap between the $7,177 and […]

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Institutions Went 100% Long as Price Soared to $8K –

Data from the US CFTC reveals that institutions on the CME went 100 percent long on Bitcoin futures, potentially capitalizing on yet another impressive green candle in mid-May.  CME: Institutions Went 100% Long on Bitcoin According to information released by the US Commodity and Futures Trading Commission, institutional investors had opened 100 percent long Bitcoin […]

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Institutions Are Here: CME Bitcoin Futures Trade Record $1.3 Billion

The Grayscale Bitcoin Investment Trust (GBTC) was trading with an implied Bitcoin price of over $10,000 May 14 as investor interest peaked. GBTC At 30% Bitcoin Price Premium GBTC, which has made 24-hour gains of almost 20 percent, currently trades on the basis of a single bitcoin costing around $10,200 – a full $2300, or […]

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Bakkt Bitcoin Futures Could See Green Light in Just 10 Days

Bakkt could soon proceed with its Bitcoin futures product if the CFTC does not raise any objections within 10 days. We’ll Be Bakkt…Soonish Bakkt could be cleared to proceed in just 10 short days pending Commodity Futures Trading Commission (CFTC) approval. Or rather, pending lack of CFTC disapproval. In other words, you probably won’t be […]

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Bitcoin Price Hits $8.3K Yearly High As Bull Market ‘99%’ Guaranteed

Bitcoin price broke its yearly high May 14 as the 2019 bull run continues to shock traders and analysts, even far beyond the cryptocurrency industry. Bitcoin Price Caps 100% 2019 Growth Data from even the more conservative Bitcoin price trackers, such as exchange Bitstamp, confirmed continuation of Bitcoin’s awe-inspiring breakout Tuesday, BTC/USD soaring over $83000 […]

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NYSE Owner Seeking Bitcoin Custody ‘NY Trust’ License

Bakkt is taking what it hopes will be another significant step toward obtaining regulatory approval as its parent company – Intercontinental Exchange (ICE), acquires Bitcoin custody platform. ICE also plans to register the company as a licensed trust in New York State. ICE Acquires Bitcoin Custody Platform Bakkt announced the news in a Medium post […]

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Institutions Increased Bitcoin Longs By 88% Just Before Price Rally

Data from the US Commodity and Futures Trading Commission reveals that institutional investors flipped bullish on Bitcoin as of April 2nd. The date coincides with the latest bitcoin price rally when it soared from around $4,100 to more than $5,300 in minutes.  Smart Money Goes Long on Bitcoin Data from the US CFTC reveals that […]

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