{"id":329570,"date":"2021-08-24T12:53:03","date_gmt":"2021-08-24T09:53:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/europe-prepares-for-first-bitcoin-futures-launch-amid-us-etf-stalemate\/"},"modified":"2021-08-24T12:53:03","modified_gmt":"2021-08-24T09:53:03","slug":"europe-prepares-for-first-bitcoin-futures-launch-amid-us-etf-stalemate","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/europe-prepares-for-first-bitcoin-futures-launch-amid-us-etf-stalemate\/","title":{"rendered":"# Europe prepares for first Bitcoin futures launch amid US ETF stalemate"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a39b7cb75898\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a39b7cb75898\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/europe-prepares-for-first-bitcoin-futures-launch-amid-us-etf-stalemate\/#Europe_highlights_%E2%80%9Cgrowing_institutional_demand%E2%80%9D\" >Europe highlights \u201cgrowing institutional demand\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/europe-prepares-for-first-bitcoin-futures-launch-amid-us-etf-stalemate\/#Mixed_institutional_sentiment_lingers\" >Mixed institutional sentiment lingers<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Europe prepares for first Bitcoin futures launch amid US ETF stalemate <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Europe\u2019s first-ever Bitcoin (BTC) futures will launch next month on the continent\u2019s largest derivatives market, Eurex, an announcement confirms.<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20210823005162\/en\/Europe%E2%80%99s-First-Bitcoin-Futures-Based-on-ETC-Group%E2%80%99s-BTCetc-Physical-Bitcoin-to-List-on-Eurex-in-September\">press release<\/a> issued on Tuesday,\u00a0digital asset-backed securities provider ETC Group said that its\u00a0Bitcoin ETN Futures product will commence trading on Sept. 13.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Europe_highlights_%E2%80%9Cgrowing_institutional_demand%E2%80%9D\"><\/span>Europe highlights \u201cgrowing institutional demand\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ETC Group already operates the world\u2019s first centrally cleared Bitcoin exchange-traded product (ETP), known as\u00a0BTCetc Physical Bitcoin (BTCE).<\/p>\n<p>Launched in June 2020 on Deutsche Boerse, there are now several crypto ETPs from the firm, three of which will also begin trading on the Wiener Boerse \u2014 Vienna\u2019s stock exchange \u2014 in the future, Cointelegraph reported.<\/p>\n<p>The moves come amid increased investor demand for institutional products tied to Bitcoin and altcoins, with Europe traditionally providing a friendlier environment than the United States, which is dragging its heels over <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval of a Bitcoin exchange-traded fund (ETF).<\/p>\n<p>Eurex will thus host the first European futures contract based on a crypto ETP starting next month.<\/p>\n<p>\u201cGiven the growing institutional demand for secure exposure to Bitcoin, we are delighted to begin listing these Bitcoin ETN futures on our regulated trading and clearing infrastructure at Eurex,\u201d Eurex executive board member Randolf Roth commented.\u00a0 <\/p>\n<blockquote><p>\u201cThis move will allow a greater number of market participants to trade and hedge Bitcoin, with this new future being treated in the same way as any other derivatives contract in terms of central clearing, netting, and risk management.\u201d<\/p><\/blockquote>\n<p>Bitcoin traded at $49,700 at the time of writing, down around 1% on the day after briefly passing the $50,000 mark.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mixed_institutional_sentiment_lingers\"><\/span>Mixed institutional sentiment lingers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph noted, institutional investor sentiment is slowly returning to favor crypto portfolio exposure.<\/p>\n<p><strong><em>Related:\u00a0Pro traders are mildly skeptical about Bitcoin\u2019s recent return to $50K<\/em><\/strong><\/p>\n<p>That said, institutional instruments such as the Grayscale Bitcoin Trust (GBTC) have lagged behind surging spot prices, signaling that uptake is not yet back at bull market levels seen before Bitcoin\u2019s all-time highs in April.<\/p>\n<p>The GBTC premium \u2014 the additional cost of the Trust\u2019s shares compared to BTC\u2019s spot price \u2014 continues to hover in negative territory, equating to the shares trading at a discount.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/f3aca0e8-6bb9-4d7d-9900-a968e3de2887.jpg\"><figcaption style=\"text-align: center;\"><em>GBTC premium vs. BTC\/USD chart. Source: Bybt<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/europe-prepares-for-first-bitcoin-futures-launch-amid-us-etf-stalemate\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Europe prepares for first Bitcoin futures launch amid US ETF stalemate &#8221; Europe\u2019s first-ever Bitcoin (BTC) futures will launch next month on the continent\u2019s largest derivatives market, Eurex, an announcement confirms. In a press release issued on Tuesday,\u00a0digital asset-backed securities provider ETC Group said that its\u00a0Bitcoin ETN Futures product will commence trading on Sept&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":329571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvZWJiMzZiYjktNTRhYS00OTNmLWI1MzAtYjg1NzIyOGEyNDZlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-329570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/329570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=329570"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/329570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/329571"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=329570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=329570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=329570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}