Cryptocurrencies
Futures Debut to Test Ether’s Bitcoin-Beating Rise to Record
- CME Group to start Ether futures Feb. 8 pending final approval
- Launch of Bitcoin futures in 2017 coincided with peak in boom
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An eightfold rally in Ether over the past year to a record faces possible turbulence from the impending launch of CME Group Inc. futures for the largest cryptocurrency after Bitcoin.
The contracts set to debut from Feb. 8 evoke memories of 2017, when the start of Bitcoin futures coincided with a peak in the leading digital asset ahead of a spectacular bust. A Federal Reserve Bank of San Francisco analysis posits the derivatives opened the door for bearish investors.