Bakkt, the cryptocurrency trading platform owned by Intercontinental Exchange (ICE), has traded 71 bitcoin futures contracts since the launch of this investment instrument.
The launch of Bakkt's physically-settled bitcoin futures took place yesterday at 8 p.m. ET, and during the first 24 hours a total of 71 futures contracts have been traded.
This new type of instrument was expected to have a warmer welcome.However, some experts point out that investors are taking their time due to the recent drop in bitcoin price, which is currently trading below $10,000.
A few days before the launch of its futures contracts, Bakkt shared the requirements to invest in this instrument. The initial hedge requirement for daily and monthly futures contracts is $3,900, while the speculative initial requirement for both contracts is $4,290.
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