Bitcoin Futures Hold on Cboe’s CFE Could Flip the Script for BTC as Price Downfall Started When XBT Was Introduced
Cboe Futures Exchange (CFE)’s anticipated inclusion of bitcoin futures for March 2019 has supposedly been placed on hold reports Coin Desk.
According to a representative from Cboe, the team is currently exploring their options. In particular, they want to see how they can best offer “digital asset derivatives for trading”. While the assessment is underway, their listing will be postponed.
This does not imply that existing bitcoin futures contracts will also be paused, as they supposedly have no impact on their decision-making process. Coin Desk also noted that “the last contracts listed, XBTM19, will expire in June.”
News outlet, CCN has also reported on this matter. In doing so, they addressed that “new contracts were added in many other categories,” indicating the likes of the Volatility Index Futures. Unfortunately, not so much hope has been expressed in relation to the bitcoin ETF. To add to the contracts expiring in June, it has been pointed out that its settlement price is at approximately $3847.
Isn’t it frustrating to see the decline in acceptance for Bitcoin ETFs? Do you think we’ll ever get the green signal for said futures? Let us know in the comments below.