Bakkt said in a recent statement that it will already start offering customers a secure Bitcoin storage option. Bakkt users will be able to start storing their BTcons on the Bakkt Warehouse platform starting September 6th to prepare for their official release.
On Sept 6, our Warehouse will begin offering secure storage of customer bitcoin to prepare for the launch of Bakkt Bitcoin Daily & Monthly Futures when they launch on Sept 23
These contracts will enable physical delivery of bitcoin with end-to-end regulated markets and custody
— Bakkt (@Bakkt) August 28, 2019
Although bitcoin-based futures contracts were introduced by CME and CBOE about two ways ago, the biggest difference between Bakkt’s physically guaranteed BTC futures is that real Bitcoins will be used in this trade. With the news that Bakkt announced the release date, Bitcoin had an increase of $400 within minutes. Even with this news alone, BTC’s $400 increase is a little hint of how much Bakkt could have increased when it actually comes on the market.