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.
A mysterious crypto whale has quietly amassed a huge leveraged position in Bitcoin, deploying nearly $30 million across several transactions in just three days.
Ukraine is exploring a bold financial strategy that could see Bitcoin become part of its national reserves.
Even as Bitcoin (BTC) flirts with new highs, veteran trader Peter Brandt has issued a stark warning: a massive 75% crash could be imminent.
The Bank of Japan (BOJ)’s upcoming monetary policy meeting, set for June 16–17, could be the next major catalyst for global risk assets, including stocks and cryptocurrencies like Bitcoin.