CME Launches Bitcoin Cash Futures as FalconX and GSR Execute First Block Trade
- —Standard contract covers 250 BCH (~$68,750 notional); micro covers 25 BCH (~$6,875)
- —BCH is 92.7% below its December 2017 high of $3,785.82 and down 45.7% over the past year
- —Grayscale filed on September 14 to convert its BCHG trust into a spot Bitcoin Cash ETF
- —About 20.11 million of the 21 million BCH cap is mined — 95.7% of maximum supply
Why it matters: A regulated futures venue lets institutions hedge and gain BCH exposure without custody, though it does not by itself generate buying pressure.
Source: BlockchainReporter