CME Group just triggered a 30% spike in Bitcoin Cash, but the last three coins to get the same futures announcement lost over a third of their value before trading even began. A surprise Grayscale filing may be the only thing standing between BCH and the same fate.
A CME futures listing and a fresh Grayscale ETF filing sent Bitcoin's two biggest forks soaring, even as the flagship coin cooled off its seven-month high.
CME Group said it planned to launch Bitcoin Cash futures and Micro Bitcoin Cash futures on October 19, pending regulatory review.
Bitcoin Cash surges 35% as CME futures, ETF expectations and a short squeeze fuel a breakout that could put $450 in focus.
CME is adding standard and micro contracts for Bitcoin Cash and Uniswap, extending a pattern of recent altcoin rollouts.
Bitcoin stays above $86K as spot ETFs draw nearly $1 billion. Trader predicts it could first extend towards $89K and later a retest of $80K.
Bitcoin Cash jumps 21% on Tuesday after CME unveils BCH and Uniswap futures, expanding regulated crypto derivatives as institutional demand grows.
CME Group (CME) said Tuesday it plans to launch Bitcoin Cash and Uniswap futures on Oct. 19, subject
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Spot bitcoin ETFs saw back-to-back outflows for the first time since late July as BTC retraces last week's gains and altcoins struggle to find direction.
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