[2019-01-04]Bakkt Raises $182.5M in First Round of Fundraising, BTC Futures Awai

[Vladdirescu87]

Bakkt Raises $182.5M in First Round of Fundraising, BTC Futures Awaits CFTC’s ‘Green Light’

Bakkt, the Intercontinental Exchange’s (ICE) forthcoming cryptoasset trading platform, has embossed around $182.5 million from several investors. The money will be used in creating and developing the institutional-grade regulated cryptoasset exchange, warehousing and clearing services for storage and physical delivery. The firm now hopes to give an updated timeline on rolling out Bitcoin (BTC) day-to-day futures contracts early this year.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/btc-futures-awaits-cftcs-green-light/

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[pixie85]

If people are willing to bet so much money on Bakkt they must know that it's going to launch. People with no inside knowledge are complaining that Bakkt will never get approved and those with inside knowledge are betting on it. I don't believe an institution would put a million or 2 into something they aren't sure of.
2019 will be the year of bakkt and ETFs.

[gabbie2010]

This investment is massive even in pre-launching of the bakkt platform this action by the investors will rekindles the hope would-be investors who had been disappointed by the lacklustre performance of Cryptos last year, investors are gaining confidence daily while the enthusiasm that will greet the launching of bakkt trading platform will be massive invariably triggering the bullish price momentum and volatility of bitcoin.

[Kemarit]

If people are willing to bet so much money on Bakkt they must know that it's going to launch. People with no inside knowledge are complaining that Bakkt will never get approved and those with inside knowledge are betting on it. I don't believe an institution would put a million or 2 into something they aren't sure of.
2019 will be the year of bakkt and ETFs.

As much as we wanted to see Bakkt going live, there are still chances that it might be push through again. So let's not celebrate, yes those are big money being invested by large companies but the final decision will still be on the hands of CFTC. I urge everyone to follow their official blog here:

(https://medium.com/bakkt-blog)

So at least we will heard directly from them and not from other crypto related websites that might spin the news for the sake of "sensationalized journalism".

[squatter]

If people are willing to bet so much money on Bakkt they must know that it's going to launch. People with no inside knowledge are complaining that Bakkt will never get approved and those with inside knowledge are betting on it. I don't believe an institution would put a million or 2 into something they aren't sure of.

Venture capital is a high-risk area, but I think you're right. This is a huge investment from a bunch of high profile VC firms. I don't think we'd see this magnitude of investment without a high level of confidence that Bakkt will get the green light.

2019 will be the year of bakkt and ETFs.

I don't have the same level of confidence with an ETF. There's precedent for CFTC-regulated markets -- both cash settled and physically settled. There's no such precedent for an ETF, and the SEC seems like they have much more stringent standards.