BTC Futures Trading Volume to Reach New Max, CBOE Reports

The number of traded contracts for May is 18,210, for June - 703, and for July - 87
27 April 2018   1885

CBOE reported record volumes of bitcoin futures trading - the number of deals exceeded the average daily rate (6600) by almost three times.

The number of traded contracts for May is 18,210, for June - 703, and for July - 87. The previous record was established on January 17, when the number of traded contracts was 15,500.

A similar situation has developed on the Chicago Mercantile Exchange (CME Group) - the number of transactions on XBT-futures doubled to 11,000 (in relation to the values of Tuesday).

CME Group BTC Futures
CME Group BTC Futures

At the same time, the average daily rate for the CME in April 2018 is 3,716, which is 44% more than in March.

Bitwise to Withdraw Bitcoin ETF Application

The application was filled a year ago, company met with regulator 8 times and prepared more than 500 pages of documents
15 January 2020   126

Bitwise Asset Management, a digital asset management company, has withdrawn an application to launch a Bitcoin-linked exchange-traded fund (ETF).

On Tuesday, Bitwise sent a notice to the US Securities and Exchange Commission (SEC), where it announced that it had made such a decision "in the public interest and investor protection."

We did indeed withdraw the application. This is a procedural step, and we intend to refile our application at an appropriate time.

 

Matt Hougan

Global head of research at Bitwise

He also noted that his firm is currently “working hard” to answer the SEC questions in the 112-page commentary on the initial application.

We remain fully committed to the development of a bitcoin ETF.

 

Matt Hougan

Global head of research at Bitwise

Bitwise has applied for the launch of the Bitcoin ETF in January 2019. Since then, the company met with the regulator eight times and prepared 500 pages of documentation with arguments in favor of approving its proposal.