Amid a turbulent day that saw BTC price drop below $10k, the settlement of the first monthly futures happened without a hiccup - an outcome that will likely satisfy regulators and set up likelihood of additional synthetics products on additional coins.
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Milestone: Cboe's first Bitcoin futures contract expired this week
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Speaking to reporters, CEO Ed Tilly said that the process could lead to something like an ETF – a long-sought product – but only if regulators are firmly on board. "Before you get into mainstream [exchange-traded products], we need to get through a series of settlements before that makes sense to regulators," Tilly was quoted as saying, adding:
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