Keeping in mind the SECs verdict due in a couple of days, I really wish to understand how Bitcoin Futures stand to assuage any negative impact from the SECs decision.
Quoted from the article-
The physical crypto futures is designed to attract investment from institutional investors, who have so far stayed away from the market. Bakkt, notwithstanding, promises a regulated ecosystem where investors can invest in cryptocurrency product.
What verdict would that be? There was a September 30th deadline, but the SEC already delayed that decision, possibly until February next year. They apparently want more input from the public. So I'm not worried about any negative impact from the SECs decision. That's already priced in for the foreseeable future.
As for the effect of Bakkt on the market........the jury is out. It's hard to know just how interested institutions are in this market. Since these are deliverable futures, they could definitely affect the spot market if demand for them is high.