the Until the Bakkt Bitcoin Futures rolled out, is likely to go on for some time into the country. Because of the complexity of the submitted prospectus to the competent Supervisory authority, the CFTC presents great difficulties. Also, the Shutdown of the U.S. government at the end of last year was a fast approval.

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19. March 2019BTC$3,992 m,74 0.23%part Facebook Twitter LinkedIn xing mail

It has become quiet around Bakkt. More than half a year ago, it is now that the Intercontinental Exchange (ICE) fueled the Hype around a new Generation of Bitcoin futures contracts. Originally, it was aimed in the middle of December as the start date, of the burst. Even from the hastily announced new appointment, the 24. January, was nothing. Meanwhile, the scene is at the end of March for the potential Launch.

But, you guessed it already, this deadline is not adhered to. Because even if the competent Supervisory authority, the Commodity Futures Trading Commission (CFTC), today you Go would give, they would have had to have a period of 30 days to elapse, during which they may submit the Public comments to the prospectus. A theoretically possible date would therefore be, at the earliest, in April.

the U.S. Government Shutdown is also true Bakkt

The reasons for the further delay are many and varied. However, the Shutdown of the U.S. is likely to have played a major role. Finally, since the 22. December 2018 up to and including 25. January 2019, all Federal agencies of the US Administration to a standstill. It is the longest forced was the break in the history of the United States.

After awakening from the involuntary hibernation, there was on the part of the CFTC, apparently, more pressing work than to discuss the extensive prospectus of the house of Bakkt.

Physical nature of Bakkt Futures difficult to permit

And here we are with issue no. 2: The Bakkt Bitcoin Futures are a complex financial product; and, the regulation is accordingly complicated. Specifically, the approval suffers from the well to the question of which is the Trust, respectively, which Bank is the physically traded BTC will oversee. If you are allowed to listen to the remarks of an unnamed Ex-employee of the CFTC Believe, wants to Bakkt keep the BTC in their own care. That would be for derivatives of this type, a unconventional handling and would be in contradiction to the Bitcoin Futures on the Chicago exchanges, Cboe and CME.

This aspect to discuss a report that, at present, various staff of the authority.

Meanwhile, Bakkt dashes forward. Because, like BTC-ECHO reported, was able to acquire the company, a number of capital assets.

The acquisition underlines the fact that we do not stand still while we wait for the approval of the CFTC [ … ],

CEO Kelly Loeffler commented on the purchase of Rosenthal-Collins-Assets in mid-January.

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