The CFTC Was Proved Right on Bitcoin Futures. What’s Next for the Agency? For years the commodities overseer was the de facto regulator of crypto markets. On Sept. 29, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced it had filed 14 complaints against various crypto trading platforms.
What is a bitcoin futures exchange-traded fund (ETF)?
A bitcoin futures exchange-traded fund (ETF) issues publicly traded securities that offer exposure to the price movements of bitcoin futures contracts. This downloadable brochure provides basic information about what bitcoin is, what the CFTC’s jurisdiction covers, and how virtual currencies can be a target for fraud and for hackers.
Are bitcoin futures a commodity?
The Commodity Futures Trading Commission (CTFC) regulates the overall futures market, and the agency considers Bitcoin a commodity, so Bitcoin futures are commodity futures. Bitcoin futures contracts trade on the Chicago Mercantile Exchange (CME), which introduces new monthly contracts for cash settlement.
