It was announced that the New York Stock Exchange (NYSE) will not be launching the Bakkt Bitcoin (USD) Daily Future as planned on December 12, 2018.
Owner of the NYSE, Intercontinental Exchange (ICE), plans to table the product until the new year, with Thursday, January 24, 2019 being noted as the revised launch date.
The reason for the delay as stated by ICE:
ICE Futures U.S., Inc. will list the new Bakkt Bitcoin (USD) Daily Futures Contract for trading on trade date
Thursday, January 24, 2019, subject to regulatory approval. The new listing timeframe will provide additional time
for customer and clearing member onboarding prior to the start of trading and warehousing of the new contract.
The futures contracts are planned to be physically delivered from the regulated Bakkt Warehouse and traded on ICE’s electronic trading platform regulated by the Commodity Futures Trading Commission.
In the week leading up to the announcement the price of Bitcoin dramatically dropped by $2000 USD to $4500 USD at the time of writing.