Bakkt’s Bitcoin futures are on schedule to launch on September 23, coinciding with a technical pivotal point on BTC’s daily chart. Bakkt, a subsidiary of the Intercontinental Exchange (ICE), was recently granted approval from the U.S. Commodity Futures Trading Commission (CFTC) for crypto-settled Bitcoin futures. These contracts give institutions exposure to Bitcoin while acting as a tool for more sophisticated trading strategies.

The Wild West days of crypto funding are over. The initial excitement over ICOs seems to have faded as rapidly as it has started. When implementing an ICO, a company doesn’t have to sell equity, and users can buy tokens for use, making it beneficial for both parties. However, as utility tokens are not an investment in the company itself, the users aren’t entitled to anything from the company.