Few days back when CME group made the announcement of launching Bitcoin futures by year end, they did actually open the floodgate for upcoming business houses to follow suit. And so they did beautifully much to the delight of crypto aficionados worldwide. Man Group, an UK-based investor operating with a corpus of 95 billion has recently revealed through its CEO Luke Ellis that they might bring Bitcoin under the plethora of their “investment universe” if the Bitcoin powered futures undergo a successful launch by mid December.
Also Read: Legendary Investor Bill Miller’s Hedge Fund has 30% of Assets in Bitcoin
Terry Duffy the CME Chairman had announced that the Bitcoin futures are most likely to get ready for being traded publicly within the second week of December. With such massive movements we can only hope for greater participation in this dynamic field in days to come. It is also expected that such derivative products will impart a legal tag to Bitcoins and reduce its volatility which has been one of its foremost disadvantages keeping the orthodox bunch of investors at bay. Irrespective of its current price down swing it is expected that Bitcoin will again embark on its growth trajectory once such futures get launched.
Also Read: After CME, Argentina To Launch Bitcoin Futures
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