Cboe Global Markets, the derivatives platform, is considering relisting Bitcoin Futures after about two years of leaving behind the digital currency investment instrument. The offerings of Bitcoin Futures on the exchange were dangled by the platform itself in June 2019. Cboe Global Planning to List Bitcoin Futures Again In an interview with Bloomberg, the CEO of the exchange, Ed Tilly released a statement regarding the plan of relisting the Bitcoin Futures that said: “We’re still interested in the space, we haven’t given up on it.” Referring to the demand from the retail and institutional investors, he added to his statement: “We’re keen on building out the entire platform. There’s a lot of demand from retail and institutions, and we need to be there.” In December 2017, Cboe Global became the very first regulated United States Derivatives Exchange to make Bitcoin Futures an addition to its list. It was that time in the journey of Bitcoin when it touched the notable mark of $20,000, which it managed to cross last year. The demand for Cboe’s product was not significant enough to let it be continued to be offered, while on the other side, the demand for CME Group’s product was witnessing huge demand. Bitcoin ETF For Crypto Exposure Apart from the Bitcoin Futures, Cboe also approached to get approval for Bitcoin ETF several times but was not able to acquire it. Ed Tilly addressed the situation of failure to acquire the approval for the Bitcoin ETF and said: “We’re very keen to move along approval for the VanEck ETF.” Even though the U.S. financial markets regulator is unwilling to approve a Bitcoin ETF, several firms are trying to get their hands on the approval of listing the product. Moreover, this morning, Fidelity Investments, the financial giant, is also planning to introduce a Bitcoin ETF.
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