How bullish are you in the coming months when their products go live?
Any good news that comes along will have a potential to turn this market upside down. Its my understanding that the Bakkt can really bring fresh money into the market specially with their "physical crypto futures". This features has the potential to attract investments from institutional investors. So I'm sure everybody is all excited and very bullish when they offering go live.
Actually, when the Bakkt whisperings came out, I thought it would bring about some positive movement, the surprise was that the market hardly budged. Sure, this came out sandwiched between all the ETF announcements and delays but institutional investors should have sieved through the news and this should have stood out big time.
Binance CEO and others are echoing their surprise. Bitcoin should be breaking the glass ceiling and bringing the roof down. But it's just not happening, which leads me to think "institutional" money doesn't really care, or is already going in, or has already been positioned, with or without all these instruments.