• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Breaking News: Breaking: DCG And Genesis Close Initial Agreement With Creditors
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: DCG And Genesis Close Initial Agreement With Creditors
Ethereum futures
Advertisement

Ethereum Futures: CBOE Chief Says SEC Decision Clears the Way

Georgi Georgiev by Georgi Georgiev
5 years ago
in News, Emerging Markets, Ethereum, News teaser
0
Advertisement

Following SEC’s announcement which separated both Bitcoin (BTC) and Ether (ETH) from securities, CBOE’s President said that this could increase the chances of regulators signing off on Ethereum futures.


The Market Rebounds

On June 14th, the SEC officially announced that it won’t consider Bitcoin bitcoin and Ether as securities, thus putting the long wait to its end. Naturally, the market responded immediately.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Despite being in a state of major correction, the overall cryptocurrency market saw gains of almost $20bln in just a few hours after the news broke out, marking an increase of almost 7 percent according to CoinMarketCap.

Prices of Bitcoin and Ether rose accordingly. The former spiked with about 5 percent, while the latter soared with as much as 11 percent hours after the announcement.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Ethereum Futures Ahead?

Following the SEC’s Thursday announcement, Chris Concannon, President of CBOE Global Markets Inc., expressed his delight with the way things turned out:

We are pleased with the SEC’s decision to provide clarity with respect to current Ether transactions. […] This announcement clears a key stumbling block for Ether futures, the case for which we’ve been considering since we launched the first Bitcoin futures in December 2017.

He also said that this would increase the chances that regulators will sign off on potential Ether futures. Notably, CBOE launched Bitcoin futures in December, 2017.

A Rising Concern

Brian Kelly, also highlighted the announcement of CBOE’s Chief:

*CBOE SAYS SEC'S COMMENTS REMOVES OBSTACLE TO ETHER FUTURES

— Brian Kelly (@BKBrianKelly) June 14, 2018

The community, however, doesn’t seem to be exactly sure if this is a good sign. Rising concern can be noticed in the comments below Kelly’s tweet. People are referencing Bitcoin’s price decline pursuant to the BTC futures launch that Concannon mentioned.

And they are right to do so. Earlier this year, the San Francisco Federal Reserve issued a report, essentially linking the decline of Bitcoin’s price with the BTC futures launch in December. Just recently Tom Lee also expressed similar concerns.

Whether we will see Ether futures launched and if this will affect the second largest cryptocurrency’s price the same way it did for Bitcoin is something we have yet to see.

Do you think potential Ethereum futures will be good for its price? Or will it follow the course of Bitcoin? Don’t hesitate to let us know in the comments below!


Images courtesy of CoinMarketCap; Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Georgi Georgiev

Georgi Georgiev

Related Posts

Zhejiang Testnet For Ethereum Staking Withdrawal Goes Live

Zhejiang Testnet For Ethereum Staking Withdrawal Goes Live

5 days ago
Ethereum

Ethereum Network Usage Skyrockets As ETH Hits Two-Month High

1 week ago
Ethereum

Ethereum Staking Service Providers Make Up Over 70% Of Staked ETH Supply

2 weeks ago
Korean Financial Services Commission Chair Announces Security Tokens

Korean Financial Services Commission Chair Announces Security Tokens

3 weeks ago
Ethereum

Ethereum Total Validators Surpasses 500,000 As Shanghai Upgrade Draws Near

3 weeks ago
bitcoin and ethereum

Bearish Signal: Bitcoin, Ethereum Profit-Taking Reach 2021 Levels

3 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • Which Is The Best Crypto Meme Coin To Invest In 2023...

    45 mins ago
  • Cardano On The Climb, Whilst Big Eyes Coin Extends 200%...

    1 hour ago
  • Big Eyes Coin can boast the biggest pre-sale in recent...

    1 hour ago
  • OptionBlitz Leverages Ethereum Layer 2 Protocol Arbitrum to...

    3 hours ago
  • SIDUS HEROES Wins Top Gaming Metaverse Award in UAE

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.