WisdomTree Proposes ETF With 5% Bitcoin Exposure Despite SEC’s Long-Standing Blockade
WisdomTree is seeking to launch an exchange-traded fund that invests in part in the growing bitcoin futures market.
Bitcoin closed July at $11,351, according to Messari.
Only $133 million in futures were liquidated on BitMEX as bitcoin soared above $11,400.
Institutional interest is driving Bakkt's bitcoin futures volumes up, but its options market has remained quiet.
Bitcoin futures open interest across all exchanges passed $4 billion Tuesday morning.
The U.S. commodities regulator has a four-year plan for fostering responsible innovations in the crypto asset space.
Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday. CME’s bitcoin futures market are growing faster than nearly every other bitcoin futures market on a percentage and real growth basis.