SEC likely to allow Bitcoin futures ETF to trade next week: Reports
The long-awaited launch of a Bitcoin exchange-traded fund could finally arrive on Monday. The long wait for a Bitcoin exchange-traded product could soon be over according to sources reported by financial media giant Bloomberg.Citing “people familiar with the matter” Bloomberg has reported that the U.S. Securities and Exchange Commission is poised to approve the first Bitcoin futures exchange-traded funds in the country. The anonymous sources said:“The regulator isn’t likely to block the products from starting to trade next week.”A futures product is likely to be the first one approved....
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Ironbeam is a U.S. registered Futures Commission Merchant (“FCM”) which offers trading on crypto nano futures thanks to a partnership with Coinbase Derivatives. The brokerage charges no commission* on these Bitcoin and Ethereum contracts, as well as requiring low margin.
Trade Cryptocurrency Nano Futures Contracts
Headquartered at the Chicago Board of Trade, Ironbeam launched in 2010 as a technology-centric futures brokerage firm dedicated to providing technology solutions that cater to the needs of futures participants and the modern futures trader.
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CME Group saw more than 100,000 micro bitcoin futures traded in the first week of its offering, demonstrating appetite for bitcoin products.
Citigroup is reportedly awaiting regulatory approval to start offering bitcoin futures trading to its clients. “We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks,” said Citigroup. Citigroup Awaits Regulatory Approval to Trade Bitcoin Futures Citigroup Inc. is reportedly considering whether to offer its biggest clients trading in bitcoin futures, Bloomberg reported Tuesday. “Our clients are increasingly interested in this space, and we are monitoring these....
Genesis has introduced a trading method allowing institutional investors to trade Bitcoin futures contracts based on their end-of-day closing price. Cryptocurrency brokerage firm Genesis Global Capital has announced the completion of a first-of-a-kind trade that will pave the way for new institutional crypto futures products.Genesis has executed the first-ever over-the-counter (OTC) block trade of a Basis Trade at Index Close (BTIC) transaction using Bitcoin futures contracts issued b Chicago Mercantile Exchange (CME). The trade was made in collaboration with derivatives market maker Akuna....
In today’s market, plenty of trading platforms, including mainstream exchanges like Binance, Huobi, Bybit, and KuCoin, have introduced futures contracts. Huobi has extensive experience in futures and provides a wide range of linear/inverse contract markets. However, its market share has fallen sharply, and the platform’s user traffic is also going downhill. Bybit and Binance are both professional futures trading platforms that demand a high threshold. Bad news is that Bybit was chased out of the UK by FCA, while Binance has suffered several security breaches. Futures beginners should avoid....