Published on November 15th, 2017 | by bitcoin0
Some claim Bitcoin futures will draw it toward cryptocurrencies
LONDON (Reuters) – British hedge fund firm Man Group (EMG.L) will add cryptocurrencies to its investment universe if the Chicago Mercantile Exchange launches a bitcoin futures contract as planned, CEO Luke Ellis told Reuters on Tuesday.
A bitcoin sign is seen during Riga Comm 2017, a business technology and innovation fair in Riga, Latvia November 9, 2017.
REUTERS/Ints KalninsSpeaking at the Reuters Global Investment Outlook Summit in London, Ellis said there are a number of challenges with cryptocurrencies but that doesn’t mean they’re not investable.
If there is a CME future on bitcoin, it would be.” Futures market operator CME Group announced on Oct. 31 it would launch bitcoin futures in the fourth quarter.
Extreme pricing was best highlighted during the summer when Russian government debt yields were trading below U.S. Treasuries, he added.