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.
Mt. Gox, the once-dominant cryptocurrency exchange, recently moved 11,501 BTC, valued at around $905 million, to an unidentified wallet, sparking renewed speculation.
A crypto expert has shared his perspective on Bitcoin (BTC), Solana (SOL), and other major digital assets, pointing out that the recent market trends suggest a “bear trap” rather than a long-term downturn.
Deutsche Boerse’s Clearstream is set to offer cryptocurrency custody and settlement solutions to institutional clients, starting in 2025.
Arthur Hayes, co-founder of BitMEX, has reasserted his bullish stance on Bitcoin’s future price movements, forecasting that the cryptocurrency may experience a temporary dip to around $70,000 before embarking on another significant upward surge.