Bitcoin ETFs Are Likely to Follow Futures, Cboe President Says
- Chicago exchanges are in competition to offer bitcoin futures
- Bitcoin’s price has surged more than sevenfold this year
Why a Bitcoin ETF Is Likely to Be a Reality Next Year
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Cboe Global Markets Inc. sees bitcoin exchange-traded funds on the horizon.
The Chicago-based exchange operator is competing with local rival CME Group Inc. to introduce bitcoin futures. Cboe announced in August that it wanted to offer the contracts, which would use Gemini bitcoin market data, by the end of this year or early next year. Each company needs approval from the U.S. Commodity Futures Trading Commission.