Bitcoin futures are next after being offered as swaps, options
Derivatives will pave the way for ETFs, although analysts say regulatory approval may take 6-12 months
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INSTITUTIONAL investors drooling over the returns from bitcoin but barred from buying it will soon have their chance in the futures market and, eventually, exchange-traded funds (ETFs).
CME Group Inc, the world's largest exchange, said on Tuesday that it plans to introduce bitcoin futures by the end of the year, following fellow Chicago exchange Cboe Global Markets Inc, while a startup, LedgerX, offers swaps and options.
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