Man Group may launch Bitcoin futures trading

This is said by the Luke Ellis, CEO of Man Group to Reuters
15 November 2017   1758

Man Group is the  world’s largest publicly traded hedge fund, with $103.5 billion under their control. Man Group is a London based firm with 1,250 employees and 2016 revenue of $827 million. If it will start Bitcoin futures trading, it will be big step for Bitcoin and blockchain. 

Luke Ellis, CEO of Man Group told Reuters:

Conceptually digital currencies are an interesting thing. It’s not part of our investment universe today – it could be. If there is a CME future on bitcoin, it would be. There is a big difference between a digital currency and a traditional currency...Traditional ones are supported by governments who have armies and tax men that can make people follow their rules, and digital ones don‘t. But that doesn’t invalidate digital currencies at all. You’ve got a few countries where there is a real problem about getting paid your money back - like Venezuela and Lebanon. There are high yields but not if you’re not going to get your money back, and (then) there’s a whole bunch of countries that trade with sort of no premium. Is transparency about what’s going on in small and mid-cap stocks going to get materially worse? Yes. Is it going to create some what are inherently false markets which will hurt some inexperienced investors? Yes.
 

Luke Ellis

CEO, Man Group

It is worth reminding that abovementioned CME Group reported on the start of Bitcoin futures trading in December. It doesn't seems possible that Man Group will launch BTC futures trading to that date too, but, we can see that institutional investors are very interested in Bitcoin.

BTC Volatility to Fall by 98% in a Year

Analyst believe that low volatility indicates a decline in speculative trading 
18 January 2019   91

Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, it was $ 3,468, then a year later - only $ 61, CoinDesk reports.

Note, the daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was about 26%.

In absolute terms, the maximum daily volatility in the first quarter was $ 973, and in the following: $ 345, $ 245 and $ 195, respectively.

At the beginning of 2019, this figure also did not exceed $ 200, and on January 12 it reached a minimum value of $ 45.17.

Analyst stressed that low volatility indicates a decline in speculative trading and an approach to a sharp price movement.

In his opinion, Bitcoin will soon leave the range of $ 3,500- $ 3,700 in favor of the bears. At the moment, the first cryptocurrency is trading at around $ 3,590.