US SEC Approves BTC Futures Fund to Offer Shares to Institutional Investors

Bitcoin (BTC) futures-focused NYDIG Bitcoin Strategy Fund has procured approval from the United States Securities and Exchange Commission (SEC), entitling it with the right to offer its shares to institutional investors. According to an SEC filing that came into effect on Dec. 2, the New York Digital Investment Group LLC (NYDIG) is now authorized to offer its shares to institutional investors, including registered investment advisers, their clients, and other eligible investors. For those who intend to invest in the shares, the fund does not put forward a minimum investment requirement.…

Bakkt Bitcoin Futures Open Interest Hits New All-Time High of $6.54M

Bitcoin (BTC) futures open interest on digital asset platform Bakkt has hit a new all-time high. According to a Dec. 3 Twitter post published on Dec. 3 by Bakkt Volume Bot — a Twitter account dedicated to reporting Bakkt trading volumes — Monday’s open interest on Bakkt Bitcoin futures reached a new all-time high of $6.5 million. In futures markets, open interest is the number of open contracts in the market and is often used to indicate the health of the market. When there is a large amount of open…

Bitcoin Price Retests $7.3K as Analyst Eyes New Bullish Futures ‘Gap’

Bitcoin (BTC) fell back towards support at the $7,250-$7,300 level on Dec. 1 after its latest sudden uptick began to fizzle overnight.  Cryptocurrency market daily overview. Source: Coin360 Futures gap incoming if lower levels stay Data from Coin360 showed the largest cryptocurrency shedding almost 30% of its gains from earlier in the week, dropping from local highs of $7,790 to around $7,300 at press time.  The downside equated to 24-hour losses of 6% for Bitcoin, which began showing signs it would test support strength at $7,000.  Previously, BTC/USD hit multi-month…

Bitcoin Futures Settlement Date Suggests 4% Gains Likely

Bitcoin (BTC) is statistically likely to gain in the coming week as a new futures expiration event comes and goes, according to new data.  Compiled by trader an analyst Luke Martin on Nov. 25, figures charting Bitcoin price performance before and after each expiration show that overall, higher levels appear afterward. Data: BTC stands to gain next week Martin used CME Group’s monthly futures as a basis. Among the first futures to hit the market in December 2017, their settlement dates — of which Friday was one — have already…

Dow Futures Slide Rings a Black Friday for the Stock Market

Futures on the Dow Jones Industrial Average are swimming in the red this Black Friday. The stock market might have a bad day today if there is no clarity regarding a U.S.-China trade deal. Black Friday sales numbers are expected to be weaker than last year, and this could spark more panic. Futures on the Dow Jones Industrial Average (DJIA) are in the red Friday morning as the U.S.-China trade war continues to rage on. President Donald Trump’s move of supporting Hong Kong protests by signing a controversial bill into…

Cash-Settled Bitcoin Futures Traders Face ‘Black Hole’

Bitcoin (BTC) educator Andreas Antonopoulos says that while futures markets may indeed place a damper on the cryptocurrency’s price, the stakes are different to what you might think. In a Nov. 27 interview with YouTuber “Ivan on Tech,” Antonopoulos argued against the grain of commonplace fears about the adverse price impact that Bitcoin futures trading has on spot prices.  He suggested it’s the speculators — not the HODLers — who truly have something to fear. It’s not conspiracy: “it’s the Treasury’s job” Cash-settled Bitcoin futures — which have been trading…

Bitcoin Trading Bucks Trend at Bakkt as Futures Hit $42.5M Record High

Bitcoin (BTC) institutional trading platform Bakkt has set another giant new record for its futures contracts, topping 5,600 BTC on the day. As the company confirmed on Twitter, Nov. 27 saw a fresh all-time volume high for Bakkt’s monthly Bitcoin futures. During the session, Bakkt reported 4,443 BTC traded — over 60% higher than its previous record.  Bakkt doubles Bitcoin futures record Subsequently, non-affiliated monitoring resource Bakkt Bot counted an even higher total for the day — 5,671 BTC ($42.5 million). According to Bakkt Bot, the previous record in dollar…

Dow Futures Plunge from Record Highs on Thanksgiving as Hong Kong Protesters Celebrate President Trump

U.S. stock futures decline across the board on Thursday; Dow futures fall as much as 144 points. President Trump’s backing of Hong Kong protesters could strain U.S.-China trade relations. The New York Stock Exchange is closed for Thanksgiving. Futures on the Dow Jones Industrial Average (DJIA) declined on Thursday after President Trump signed into a law a controversial bill backing protestors in Hong Kong – a move that could further strain to U.S.-China trade relations. Dow Futures Tumble Futures on all three major U.S. indexes declined sharply through the early…

Dow Futures Plunge as North Korea Missiles Join Trump’s Problems

Dow Jones Industrial Average (DJIA) futures fell 100 points on Thanksgiving Thursday. North Korea reportedly fired two short-range missiles into open waters near Japan. Geopolitical tensions flare for Trump after his Hong Kong bill threatens to derail US-China trade negotiations. Dow Jones Industrial Average (DJIA) futures took a 100 point hit on Thursday morning. While the US stock market is closed for Thanksgiving, traders are still active on the futures market. Geopolitical tensions flared across Asia this morning as North Korea reportedly fired two missiles into international waters near Japan.…