Bakkt Bitcoin futures details released

bakkt

The Intercontinental Exchange has released the details on the upcoming Bakkt futures:

” ICE Futures U.S. will begin to trade and ICE Clear US will begin to
clear the BakktTM Bitcoin (USD) Monthly and Daily Futures contracts on Monday, September 23, 2019. The
Exchange notice announcing the launch as well as full contract specifications can be found here. As such,
the following tentative margin requirements will be effective with the opening of business on September 23,
2019 and thereafter”

Interesting detail is that the initial hedge requirement will be $3900. More in the PDF below:

Bakkt Futures details PFD

Sources:
* MARGIN UPDATE FOR ICE FUTURES U.S. CONTRACTS
* Bakkt Blog