Bear Market ETH Futures Are Now A Better Bet Than Bitcoin’s

The Ethereum news today show that the Commodity Futures Trading Commission (CFTC) is confident that the ETH futures are likely to arrive in 2020. Currently, analysts show that bear market ETH futures are a better bet than Bitcoin’s futures – and that this could be good timing if altseason fails to materialize in the next few months and the Ethereum prices remain low.

What we could see during the first day of the DC Fintech Week was an interesting mix of opinions which started when the CFTC Chairman Heath Tarbert said that he ‘absolutely’ believes that the Ethereum futures could trade in the next 6 to 12 months.

“The volume to which it’ll trade, no idea, that’s where the markets decide, but my guess is now that we’ve provided at least … a little bit more clarity on [ether’s eligibility for futures contracts], my guess is market participants will consider that.”

He continued stating that there have been no official applications by firms willing to launch Ethereum futures contracts. This is why the bear market ETH futures are seen as a major development.

Considering the current regulatory atmosphere in the United States, this is hardly surprising. At the moment, four contenders could emerge and they include the names of Seed CX, ErisX, Tassat and LedgerX.

So far, there is no response from CME or CBOE as to whether they will be offering ETH base futures. The crypto news also feature a CME spokesperson told Coindesk that they are focused on presenting options on CME Bitcoin futures to market in Q1 2020 and continuing to grow the CME CF Reference Rates and Real-Time Indices.

Tarbert also said that a CFTC regulated exchange would provide investor confidence for Ethereum products in the manner of no market manipulation. When asked about the other crypto assets, he said that there will be other derivatives coming soon to a market near you. He did not specify more details or time frames.
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Meanwhile, ETH is still down from its peak whereas Bitcoin was approaching its all-time high when futures were first launched.

“Bitcoin futures launched at the ‘EXACT’ pinnacle of the bull market, a huge investment vehicle for those looking to short the market as it was clearly overpriced,” a post published on Twitter read.

ETH is in no way overpriced at the moment and the markets are not overbought.