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Volume of Digital Coins to Make Ground Amid Bakkt’s Weak Intro

Yesterday, after Bakkt has launched, trading seems to be off on a positive start. On the flip side, Bitcoin is experiencing a quiet period in volume and volatility at the moment.

Over the time, Bakkt Bitcoin’s volume will be increasing. A lot of investors are expecting the increase.

The unveiling of a significant institutional investment product for a relatively new asset is not without consequence.

The Intercontinental Exchange has evidently understood that.

Moreover, initial thoughts for the products of the physically delivered future are positive.

Bakkt Bitcoin futures finally began to operate, after following months of anticipation.

In addition, a few hours ago, it is enabling investors to immerse in both the contract and the actual asset.

In a news report, head of the product strategy at TradeStation Crypto James Putra indicated that investors could possibly benefit first from the growth in the futures price.

After that, it can then take control of the physical Bitcoins.

He also added that the move to merge and create an accessible infrastructure for crypto-asset investment is a positive step.

Explanation on Bakkt’s Point of View 

Meanwhile, Su Zhu stated that the acceptance on day one is usually low, but it could escalate into a surge.

He is also the CEO of FX Hedge Fund Three Arrows Capital and Co-Founder of Sensus Markets.

In a statement, Zhu stated, “Bakkt will be likely first a trickle and then a flood.”

Moreover, “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.”

At the time of writing, 17 BTC has already been financed into the Bakkt monthly agreement, and volume was escalating.

However, this is a good start, and it is just really the beginning. The first day is not going to be the basis for the success of the products.



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