INSUBCONTINENT EXCLUSIVE:
By Joanna OssingerInstitutional interest in Bitcoin-related contracts appears to be building and market measures indicate high anticipation
of the launch of CME Group Inc
options on January 13, according to JPMorgan Chase - Co.
While a consortium known as Bakkt, which includes New York Stock Exchange parent
Nikolaos Panigirtzoglou wrote in a note January 10
interest has increased 69 per cent from year-end, and that the number of large open-interest holders has grown
At times it has appeared to be a drag on the price, such as when ICE debuted its new futures contract in September
And the price peak around $19,000 in December 2017 occurred just as CME and Cboe Global Markets Inc
in Hong Kong, according to Bitstamp pricing, near its highest levels since mid-November.
Bitcoin is near its highest levels since
the middle of last year, the report said
JPMorgan calculates intrinsic value by treating Bitcoin as a commodity and looking at the marginal cost of production including