The regulator said investors should thoroughly weigh up the risks of investing in any mutual funds exposed to the BTC futures market, which it described as “highly speculative investment.”
The Chicago Board Options Exchange (Cboe) has announced that it won't list Bitcoin Core futures contracts in March.
The launch of Cboe and CME’s bitcoin futures trading market killed BTC’s bull run and caused the subsequent bear market this year that continues to this day, according to economist Yukio Noguchi.
The U.S. Commodity Futures Trading Commission has contacted several cryptocurrency exchanges, ordering them to turn over trading data.
UK-based cryptocurrency exchange Coinfloor said that it will be launching the world’s first “physically delivered” BTC futures contract from April 18.
The expiry of BTC futures may have triggered a sell-off thus pushing BTC price down and also affecting other major cryptocurrencies.
The increase in interest from Hong Kong investors was driven by recent volatility in the underlying cryptocurrency markets, according to experts.
According to one analyst at Morgan Stanley, the true value of the world’s biggest cryptocurrency could be much closer to zero.
The financial regulator of Hong Kong issued on Tuesday fresh warnings over SegWit1x futures, citing concerns over unregulated providers.