Bakkt was approved by U.S. regulators to allow institutions to trade Bitcoin futures, which will be physically settled (very important) – mark September 23rd on your calendar because it will be a wild day.
It was announced that institutions have been depositing between $200 million and $400 million every week into the new Coinbase Custody product.
VanEck Securities and SolidX Management revealed that they will offer a Bitcoin fund for accredited institutional investors.
Jay Clayton, the chairman of the SEC, revealed that progress is being made in clarifying the concerns of regulators about a Bitcoin ETF – the Holy Grail that would open the floodgates for millions of retail and institutional traders and investors to pour money into the crypto space.
Libra Project director general Bertrand Perez just announced that Facebook’s Libra Coin will be released in the second half of 2020. Expect this event to draw millions and possibly even billions of new users – and their money – into cryptocurrency.