Nope.
It makes future bull runs potentially stronger as that infrastructure is there waiting to be stampeded into. It will not initiate any type of stampede. Same goes for any ETF should it ever arrive. It won't create demand. It'll facilitate more of it when the demand arrives from other factors.
It makes future bull runs potentially stronger as that infrastructure is there waiting to be stampeded into. It will not initiate any type of stampede. Same goes for any ETF should it ever arrive. It won't create demand. It'll facilitate more of it when the demand arrives from other factors.
I'm glad there's someone sensible in the room. If I see another person exclaim "Bakkt is the catalyst for the next bull run" I think I'll throw up. No investors out there are "waiting for Bakkt to launch" before getting exposure to BTC. That's completely nonsensical.
These futures are physically delivered and not leveraged. Which is entirely different than the futures from last December. Here they will actually be receiving Bitcoins, instead of just making bets on the price. Also futures is just the first product, I'm sure it won't take too long for them to introduce actual Bitcoin trading on BAKKT.
Perhaps not leveraged with margin, but they are highly unlikely to be fully collateralized since they don't have to be. Take a look at the paper gold market for inspiration. Most "physically settled" gold contracts are never delivered.
What makes you think they'll offer spot trading? The ICE mostly offers futures and options markets. Even their "physical" markets are all still contracts that settle based on an index of spot, forward, and derivative market prices.