The popular market research and analysis firm Fundstrat, has come up with an interesting analysis about institutional investment into the crypto industry.
The firm believes that owing to the test launch of Bakkt, which is scheduled to be conducted tomorrow, there are many institutional investors looking to get into the game. These investors want to enter the cryptocurrency industry, and Bakkt is the bridge for them to cross over.
Fundstrat attended Bakkt’s Institutional Asset Summit on July 18 and they claim:
“investors at the event are excited about the Bakkt launch, and the notion of physically settled daily and monthly futures contracts. There was a wide array of clients, many with deep traditional equity/derivatives expertise, including prime brokerage services, prop desks, institutional exchanges and some of the largest equity HFT shops (5%+ share) that are preparing to enter crypto and plan to have an equally large impact.”
Bakkt’s Bitcoin futures platform is all set to begin testing on Monday, and understandably the market is looking forward to it.
Fundstrat also stated that:
“there appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch, with the sales team gaining traction among brokers, market makers, prop trading desks and liquidity providers…there is a community of institutional investors and vendors that is readying to port world-class systems from traditional asset classes and markets into the crypto world. The Bakkt launch could be a huge accelerator for market growth.”