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.
Reference Article-
https://blockonomi.com/bakkt-bitcoin-futures/[/size]
The thing is that I would not expect so much to happen regardless of whatever the outcome would end up being. So far, they already made an announcement to move the date forward, so I still believe whatever it is, the market is still acting pretty good the way it wants to act even after the news.
Before we would be able to get any final decision, I would say we will wait for next year, as I do not expect anything serious at all this year. Based on the institutions staying out, they may not be that much yet, or some may still be skeptical, but believe me, institutions have always been present in this space.