Bitcoin Futures Might Be Coming Soon

Bitcoin has moved one step closer to mainstream credibility after the world’s largest futures exchange operator launched a pair of indexes designed to track the virtual currency’s price.
The gauges from CME Group Inc. could be used as building blocks for futures contracts that would make it easier for both professional and individual investors to trade bitcoin.
The new CME indexes ‘are clearly precursors to a listing of some kind’ of futures contract, said Daniel Masters, chief investment officer at Global Advisors (Jersey) Ltd., which manages $25 million in bitcoin assets. ‘There is tremendous pent-up demand in the U. S. for bitcoin exposure that doesn’t require an investor to select one of the current bitcoin exchanges in order to invest.’

This post was published at Wall Street Journal on Nov. 14, 2016.