CME rival Cboe Global Makets Inc. is also in the race to launch bitcoin futures.
“Cboe announced in August that it wanted to offer the contracts, which would use Gemini bitcoin market data, by the end of this year or early next year. Each company needs approval from the U.S. Commodity Futures Trading Commission,” reports Bloomberg.
Some industry observers believe the debut of bitcoin futures will speed approval of a bitcoin ETF.
VanEck’s digital currency “indexes incorporate trade data from about 50 cryptocurrency exchanges around the world, with prices weighted by volume. The indexes are live and some have historic data going back to 2014,” according to Bloomberg.
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