Trading appears to be off to a positive start on Bakkt following its launch late yesterday. The same cannot be said for Bitcoin which at the moment is experiencing a lull in volume and volatility.<\/p>\n
Launching a major institutional investment product for a relatively new asset is not without risk. The Intercontinental Exchange has clearly accepted that and early impressions for its physically delivered futures products are positive.<\/p>\n
Following months of anticipation Bakkt Bitcoin futures finally got off the ground<\/a> a few hours ago enabling investors to dabble in both the contract and the actual asset. James Putra, head of product strategy at TradeStation Crypto, told Bloomberg that investors can potentially profit first from the rise in the futures price and then take possession of the physical Bitcoins.<\/p>\n He added that the move to centralize and create a scalable infrastructure for crypto asset investment is a positive step. The sentiment has been shared by many industry observers from Fundstrat\u2019s Tom Lee to crypto warlord John McAfee.<\/p>\n CEO of FX Hedge Fund Three Arrows Capital and Co-Founder of Sensus Markets, Su Zhu, commented that adoption on day one is usually low but it could grow into a flood.<\/p>\n \u201cBakkt will be likely first a trickle and then a flood. The reality is that most regulated futures contracts get low adoption on day1 simply b\/c not all futures brokers are ready to clear it, many ppl want to wait and see, the tickers are not even populated on risk systems, etc.\u201d<\/p><\/blockquote>\n Bakkt will be likely first a trickle and then a flood. The reality is that most regulated futures contracts get low adoption on day1 simply b\/c not all futures brokers are ready to clear it, many ppl want to wait and see, the tickers are not even populated on risk systems, etc.<\/p>\n — \u6731\u6eaf \ud83d\udc02 (@zhusu) September 23, 2019<\/a><\/p><\/blockquote>\n\n