CBOE President: SEC Decision This Ethereum Isn’t a Safety Paves Way for ETH Futures

Concannon’s remark follows the news that a senior U.S. Securities and Exchange Commission (SEC) official stated that major altcoin Ethereum won’t be regulated as a safety.

Bitcoin futures were in the news this week for other motives, as Fundstrat’s Tom Lee pointed to their contract expiration as a possible reason behind Bitcoin’s sinking price. Bitcoin is now trading for around $6,541down a bit more than 1 percent over a 24 hour period to press on time.

CBOE Global Markets president Chris Concannon reported that Ethereum (ETH) futures, that the firm was “contemplating ” since December 2017, will be offered, Bloomberg reported Thursday, June 14.
“We are happy with the SEC’s choice to give clarity related to present Ether transactions. This announcement clears a major stumbling block for Ether futures, the situation for that people ’t been considering since we launched the very first Bitcoin futures in December 2017. ”
CBOE’s president said that the SEC’s stance may imply the US regulator could allow the options exchange to add Ether futures for their own portfolio:
CBOE’s December launching of Bitcoin (BTC) futures sparked a large rally for the cryptocurrency — whose price in the time Dec. 10 climbed from approximately $15,000 to around $16,800 — bringing so much trading volume to the website it briefly went down. The very initial futures contract expired on Jan. 17 in a price of around $10,900, making it a win for bears.