Physically settled Bakkt Bitcoin futures [pdf]

- daily and monthly contracts of 1 bitcoin each

- daily contracts require full collateral (no margin)

- 100k position limit

- $35 million safe deposit in addition to fully collaterized positions of participants.

cme bitcoin futures trading volume currently 1% of gold futures, 3% of bitmex. Lets see if ICE btc futures can take the lead in the trading volume.