Bitcoin futures could open cryptocurrency to institutions

Bitcoin futures could open cryptocurrency to institutions

Getty Images Proposed bitcoin futures contracts could give pension funds and other asset owners a way to get a piece of the booming action in cryptocurrencies. CME Group Inc. on Oct. 31 announced it would launch a bitcoin futures contract in the fourth quarter, following an Aug. 2 announcement by Cboe Exchange Inc. that it planned to create a similar contract. Both proposals require approval of the Commodity Futures Trading Commission. Bitcoin futures, sources said, could become the underlying element of exchange-traded products, which would give institutional investors a way to tap into the enormous growth in the largest […]

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