UK Hedge Fund Man Group May Launch Bitcoin Futures Following CME Group Bitcoin futures contracts are gaining popularity among traditional investors. Their launch will allow investors to play on the bitcoin rate without having to buy the cryptocurrency itself. After the largest North American financial derivatives market CME Group announced its plans to launch Bitcoin futures, the British hedge fund Man Group became interested in this opportunity.

UK hedge fund Man Group may launch bitcoin futures following CME Group

Bitcoin futures contracts are gaining popularity among traditional investors. Their launch will allow investors to play on the course bitcoin without the need to buy the cryptocurrency itself. After, As the largest North American financial derivatives market CME Group announced its plans to launch Bitcoin futures, the British hedge fund Man Group became interested in this opportunity.

The Man Group is the largest publicly traded hedge fund. He manages $ 103.5 billion in assets. If the company does dare to include tools for working with bitcoin in the list of its products, the cryptocurrency market may receive another powerful impetus..

IN a conversation with Reuters this Tuesday Man Group CEO Luke Ellis said: “Conceptually digital currencies seem to be a curious phenomenon. They are not an integral part of our today's investment universe, but they can become one. If CME launches bitcoin futures, they will become it ".

Apparently, the issue of launching bitcoin futures on the CME Group platform has already moved from the “if” to the “when” category. CEO CME Group Terry Duffy said that the new instrument could be released in mid-December. Probably, Man Group will not have time to develop its own product in such a short time, but their statement once again confirms that large investors are really interested in the cryptocurrency market..

Ellis also noted that there is a big difference between fiat currencies and cryptocurrencies: “Traditional currencies are backed by governments that have armies and tax collectors that can force people to follow their rules. Digital currencies are deprived of this ".

Photo: FabreGov

Similar articles

• Bitcoin Trust Grayscale Lagged Spot Market In October Digital asset manager Grayscale Investments may have disappointed investors in October after the company reported record $ 1 billion in Q3 2020.

  Bitcoin Trust Grayscale demonstrated lag behind the spot market in October Tools managing digital assets of Grayscale Investments could...

• CME Group Chairman Emeritus: Bitcoin is not a Cryptocurrency, but a Whole New Asset Class CME Group Chairman Emeritus believes that Bitcoin is more than just a cryptocurrency. He stated this in a conversation with Reuters this Tuesday..

  Honorable Chairman of CME Group: Bitcoin - this is not a cryptocurrency, a brand new asset class Honorary Chairman CME Group considers, what bitcoin -...

• ICE Chief: Many financial institutions are in talks with us about BakktCEO Intercontinental Exchange (ICE) Bitcoin Futures Jeffrey Sprecher announced this Thursday that Bakkt Bitcoin futures platform is in talks with all sorts of financial institutions, including banks and brokers, regarding the distribution of their derivatives.

  ICE Chapter: The Many financial institutions leads negotiations with us about Bitcoin Futures Bakkt CEO Intercontinental Exchange (ICE) Jeffrey Sprecher at this...

• Grayscale Litecoin Trust Overpayment Exceeds 750% Following Secondary Listing.

  Overpayment by Litecoin trust shares Grayscale exceeded 750% after listing on the secondary Market Early based trust investors Litecoin and Bitcoin Cash...

• ErisX Launches First US Regulated Ethereum Futures The Chicago-based crypto derivatives exchange ErisX this Monday announced the launch of the first US Ethereum futures. Futures are available for trading from today, based on the Ether / USD pair, and are intended to be settled on a monthly or quarterly basis. Futures are deliverable, that is, they allow you to receive settlements on the air, and not in fiat equivalent.

  ErisX launched the first in USA regulated Ethereum futures Chicago Crypto Derivative ErisX exchange in this monday announced the launch first in...