Bakkt is all set to go live: Bakkt has announced a launch date for its long-anticipated platform for physically delivered Bitcoin Futures. Having secured the necessary approvals, the launch is planned for September 23, just one month away.
The company made the announcement via a blog post written by Bakkt CEO, Kelly Loeffler. Loeffler explained that Bakkt’s contracts have already received the green light from the CFTC through the self-certification process and that user acceptance testing has begun.
“With approval by the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian, the Bakkt Warehouse will custody bitcoin for physically delivered futures. This offers customers unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure,” said Loeffler.
SEC schedules final decision on Bitwise Bitcoin ETFs: During the beginning of this October, there could be huge volatilities among the crypto-avenues as we get to see the race for Bitcoin ETFs reach its end. The U.S. Securities and Exchange Commission (SEC) is scheduled to make its final decision regarding Bitwise’s exchange-traded funds (ETF) proposal on 13th October.
The US SEC has deferred their decision on several applications contemplating apprehensions such as market manipulation, market surveillance and divergence with futures trading as being the main issues it was so reluctant to approve any ETFs so far, like the approval of Bitwise’s Bitcoin ETF application, the regulator is due to its review whether the applications satisfy the pre-requisites and ensure safeguards investors’ interests.
Bitwise has spent the better part of 2019 dealing with constant deferrals from the SEC, they had filed for the same at the beginning of the year.
SEC decides approval on VanEck/SolidX ETFs: On 18th October, the US SEC is scheduled to come up with its ruling on the ETFs deferrals by CBOE. Initially proposed back in January, the mutually submitted ETF proposal by BacEck and SolidX also underwent bitter experiences of several extensions and withdrawals.
It enables the CBOE BZX Exchange to list shares of a joint Bitcoin ETF trust, if at all the SEC approved the proposal.


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