Very interesting. I was among those who thought Bakkt would boom once launched, because I'd figured that hedge funds and other big-money investors would want in on the crypto game, and the only good way to do that would be through futures and options. Apparently the reception is tepid at best, and I'm kind of surprised to see that.
Even the volume on the CME seems pretty low. I've no idea what's going on behind the scenes, but my guess is that if business doesn't pick up on Bakkt, they'll shut their doors
My take is that no one is actually interested in Bitcoin derivatives
How come? The reason for that is simple. You can store Bitcoin without any hassle and the requirement to pay storage and transportation costs, for example (apart from transaction fees, obviously). And in this regard Bitcoin is strikingly different from gold, oil, gas, and other material assets. With them derivatives make perfect sense as you can buy and sell paper gold, etc. But paper bitcoins simply don't cut it as you can just as easily have real bitcoins totally under your control in your personal wallet
could have interest in BTC futures.
For example if you need to buy a car or a flat in June you will be happy to be able to secure now a virtual sell of your bitcoins at 10800$ on a future exchange