U.S. banking giant Citigroup (NYSE: C) is reportedly awaiting regulatory approval to start trading bitcoin futures contracts on the Chicago Mercantile Exchange (CME). The firm would join Goldman Sachs in offering bitcoin futures trading.
This bit of news feels like it's only bullish once it actually gets approved. There have been a lot of etfs and other things we've waited for in the past and the initial bullishness of their approval is normally the only thing that matters.
If it does get approved it'll be a good on-ramp for a lot of funds though that want to invest in crypto or dabble with the idea of risking a few % on bitcoin (which they probably won't notice is gone anyway - since that institution is quite well known).