A year ago, the CBOE started trading of Bitcoin futures. Now, it is awaiting approval from the CFTC to open up futures trading on Ethereum.
The goal is to have this in place by the end of the year.
What will this do to the price of Ethereum if this were to happen?
Bitcoin futures trading opened in mid-December only to see the price peak at the beginning of February. Since that time, the cryptocurrency leader has seen the price move consistently down, from close to $20,000 to the present $6,300.
There is no way to tell if the futures trading caused the collapse or if the timing was purely coincidental. The question is how will Ethereum be affected if the CBOE gets approval?
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