ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

Bitcoin Futures Will Expand ‘Investment Universe’ For World’s Third-Largest Hedge Fund



De Silva

On Tuesday, the CEO of Man Group indicated that his firm would dabble in cryptocurrency if CME makes a listing for bitcoin futures.

On November 14, 2017, Man Group CEO Luke Ellis told Reuters that cryptocurrency will become part of the British hedge fund’s “investment universe” if and when bitcoin futures are offered by the CME Group. With $103.5 billion in funds under management, Man Group could make waves with a cryptocurrency strategy and the hedge fund could lead the way for additional Wall Street investment.

“Conceptually digital currencies are an interesting thing,” said Ellis at the Reuters Global Investment Outlook Summit. “There is a big difference between a digital currency and a traditional currency ... Traditional [currencies] are supported by governments who have armies and tax men that can make people follow their rules.” Private digital currencies like bitcoin don’t function within that sort of institutional framework.

“But that doesn’t invalidate digital currencies at all,” added Ellis.

Readers may remember late last month when CME Group president Bryan Durkin announced that the financial market company will begin offering bitcoin futures in the fourth quarter of 2017. Today, CME chairman and CEO Terry Duffy doubled down on that announcement, sharing with CNBC that bitcoin futures listings could appear as early as the second week of December.

CME’s proposed bitcoin futures are different from what’s already available on the market through LedgerX. LedgerX lists day-ahead swaps and monthly put and call options for bitcoin (BTC/USD). CME hopes to offer a cash-settled bitcoin future (with a one-day 20 percent fluctuation limit) based on the CME CF Bitcoin Reference Rate. More details are available on the CME website.

Matthew De Silva

Matthew has a passion for law and technology. He graduated from Georgetown University, where he studied international economics and music. Matthew enjoys biking and listening to tech podcasts. He lives in Los Angeles.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest bitcoin, futures or other Ethereum business and finance news.