Singapore Exchange (SGX) is preparing to introduce open-ended Bitcoin futures contracts in the latter half of 2025, aiming to cater exclusively to institutional investors and professional traders.
While the move reflects growing institutional interest in digital assets, retail participants will not have access to the product.
This development aligns with a broader global trend of increasing crypto adoption, spurred by recent pro-Bitcoin initiatives, including proposals for national crypto reserves.
Japan has also shown interest in launching crypto-backed exchange-traded products, signaling a shift in traditional financial markets.
Despite these bullish advancements, the crypto market has struggled to maintain momentum. Bitcoin saw a sharp decline to $80,000, with major altcoins following suit.
Over $680 million in liquidations and ongoing macroeconomic concerns, including U.S. trade policies, have contributed to the downturn.
Even SGX’s announcement failed to spark a rally, underscoring the market’s unpredictable nature despite growing institutional involvement.
According to data shared by Wu Blockchain, over $5.8 billion in crypto options expired today, with Ethereum leading the action.
A new report from the International Monetary Fund (IMF) suggests that El Salvador’s recent Bitcoin accumulation may not stem from ongoing purchases, but rather from a reshuffling of assets across government-controlled wallets.
Traders are rapidly shifting their focus to Ethereum and altcoins after Bitcoin’s recent all-time high triggered widespread retail FOMO.
BSTR Holdings Inc. is set to become the fourth-largest public holder of Bitcoin, announcing it will launch with 30,021 BTC on its balance sheet as part of its public debut.