The CFTC Chair Heath Tarbert believes we will see Ethereum futures contracts sometime in 2020.
He spoke at Georgetown University during their first day of DC Fintech Week, and stated that he “absolutely” believes ether futures could trade in the next six to 12 months.
“I’d say it is likely that you would see a futures contract in the next six months to a year.... 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.”
As reported by CoinDesk, Tarbert first declared Ether a commodity earlier this month, announcing that his agency would be willing to approve futures contracts on the world’s second-largest cryptocurrency by market capitalization. Tarbert noted that, at least to his knowledge, no company has applied to launch such a product.
“None that I know of,” he said in response to a question about who has applied. “My guess is that it will come soon but I don’t know where they’re coming from.”
This article is not intended to be financial advice. As always, do your due diligence before investing, and never invest more than you can afford to lose.