Maria Igartua.
The second US home of futures adopted this decision after the volume of exchange of bitcoin contracts dropped 55% in January 2018 to 20% in June
The Chicago stock exchange, the first one to list future Bitcoin news, has announced this week that contracts of cryptodispas par excellence will cease to be listed when the last month of June expires. According to the Chicago Board Options Exchange (CBOE), the fall of the negotiation is the main reason for this decision, although they do not completely close the door to the cryptivisas.
In fact, the second house of exchange of futures of the United States adopted this decision, as the volume of exchange of contracts of bitcoin fell 55% in January of 2018 just a 20% in June of ‘this year.
Bad news for the virtual badge that was savoring March 1 sweet honeys. In fact, after climbing 11% in February, in its first month in a positive after six falls, in the absence of seven sessions to end the month, it maintains the increases with a 5.8% advance that allows it to stabilize about $ 4,000.
And, although it is something nimi for an asset that has collapsed 80% since its historic highs, which it signed in December 2017 when it hits $ 19,000, something is something. Indeed, the climax of the fever for the cryptodisives coincided with its debut in the Chicago futures market on December 11, 2017, firing – more than 25% in its first session, an opening price of $ 15,000. Just a few days later the bubble began to deflate rapidly.
So much so that the graph that shows bitcoin is much like that that has happened to history as the first financial bubble in history, tulipmania. By that time it was gotten to pay by a bulb that today would be the equivalent to 10 million Euros.
More than a year after that crazyness for not staying out of what looked like the golden goose’s hen, financial statements of financial gurus almost no longer heard about the promising bitcoin future. At that time, statements such as that of Lawrence Summers, former Secretary of the US Treasury, came to assure that “billions of people would soon send bitcoins daily with the same ease with which they currently send a message.”
However, this does not mean that believers of cryptivism have disappeared, they have a low profile or move in the face of the next step that must be given in a market as new as that of virtual currencies.
Path to maturity
In fact, banks have begun laying the foundations to jump to the next level in which they refer to this asset, once the kick-off last year has left the speculators out of play. Thus, one of the largest and oldest Swiss banks, Julius Baer, recently announced that it will soon offer a series of new digital currencies to its customers.
“In the last eight months it is known as the ‘cryptic winter’, and while prices fell, it was understandable that a large number of financial institutions have parked their projects,” said Mati Greenspan, an analyst at eToro “Now that the market shows signs that spring is approaching, these plans have been put on the table again,” he continued. “After all, they do not want to lose the next bullish race.”
It seems that in a few months every manager in the world will have easy access to bitcoin trading and investment.
In this sense, the expert concludes that “it seems that in a few months all portfolio managers in the world will have easy access to negotiation and investment in bitcoin, ‘ethereum’ and other cryptors.”
For now, the SEC – the US stockholder – is reviewing the proposal of the SolidX Partners and Van Eck Associates signatures, sent by CBOE, for the creation of two bit-coin ETF *, although for now the feedback received It has been fundamentally negative. And the SEC does not have them all and, according to Bloomberg, of the seven documents in which the regulator has requested clarifications, six show their reluctance.
To finally achieve the approval, the creation of two ETFs referenced in cryptodivist could be the push that Bitcoin needs to stabilize above the $ 4,000 that he has managed to reconquer this week two months after losing them. Otherwise, it would be another setback for this controversial class of assets.
* ETFs are investment companies registered in the SEC that offer investors a way to pool their money into a fund that invests in shares, bonds and other assets or in some combination of these investments and, at In the way of consideration, investors receive interest generated from this group of investments.
Securities and Exchange Commission. United States
