Ever since the futures market were announced for Bitcoins, a lot of Bitcoin users were extremely excited and a few sets were hyperactive. Divulging institutional investors to Bitcoin’s price swings sounds very powerful. More money flowing into Bitcoin should have a positive price effect in the long run. That is what majority of the investor and trading classes have expected for, but so far, the impact is not that considerable except for.

A constructive side is that how the Bitcoin futures volume is rising. Both CME and CBOE have seen an inflow of interest in these newly invented vehicles.

More volume results in more liquidity, which shows institutional investors want to be exposed to Bitcoin. Slowly but surely, the volume for both CBOE and CME is rising. Now, CBOE seems to eagerly have been eyed on ETH futures.

While we already stated in our recent post that ETH price was bouncing on the news that William Hinman Director, Division of Corporation Finance at SEC, emphasized during his speech that Ether, the native cryptocurrency of the Ethereum network, and Bitcoin, are not securities as they do not benefit a single organization or a company, he clarified this at the Yahoo Finance All Markets Summit.

Hinman also conversed the initial coin offering (ICO) of Ethereum in 2014, which ran investors to grow into be anxious about the regulatory matter of Ether, and noted that despite the token sale of Ether, its decentralized structure and the current state of the Ethereum network eliminate the possibility of categorizing Ether as a security.

On this SEC’s eye catchy announcement, Chris Concannon, President of CBOE Global Markets Inc., expressed his pleasure by saying: “We are pleased with the SEC’s decision to provide clarity with respect to current Ether transactions. This announcement clears a key stumbling block for Ether futures, the case for which we’ve been considering since we launched the first Bitcoin futures in December 2017.”

We understand by this development that the CBOE unveiling Ether futures could have a significant impact on the stability and value of the token.

Few dubious eyes have already started speculating that Ethereum futures may possibly impact adversely on ETH prices but it’s wise to assume that ETH futures contracts could herald a prosperity to the cryptocurrency industry.

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