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.
Two major developments are converging in July that could shape the future of Bitcoin in the United States—both tied to President Trump’s administration and its expanding crypto agenda.
Digital asset investment products recorded $1.04 billion in inflows last week, pushing total assets under management (AuM) to a record high of $188 billion, according to the latest report from CoinShares.
Strategy, the Bitcoin-centric firm formerly known as MicroStrategy, has temporarily paused its regular Bitcoin purchases.
Spanish banking giant BBVA has expanded its digital services by introducing in-app Bitcoin and Ethereum trading and custody for retail clients.