Ethereum Classified as a Commodity While Bakkt Volumes Spike

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The chairman of the Commodity Futures Trading Commission (CFTC), Heath Tarbert (pictured), stated today that ethereum is a commodity. “We’ve been very clear on bitcoin: bitcoin is a commodity. Previously their volumes were about 20 bitcoin or so, but price spiked yesterday on increased volumes, leading to higher demand for physical bitcoin futures. It is my view as chairman of the CFTC that ether is a commodity,” Tarbert said. Bakkt has not mentioned any plans to launch ethereum futures, but CME has previously suggested the might do so depending on how bitcoin futures perform and depending on demand. Tarbert, who took chair just this July, further said he anticipates eth futures trading on U.S. markets in the near future.

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The chairman of the Commodity Futures Trading Commission (CFTC), Heath Tarbert (pictured), stated today that ethereum is a commodity.

“We’ve been very clear on bitcoin: bitcoin is a commodity. We haven’t said anything about ether—until now. It is my view as chairman of the CFTC that ether is a commodity,” Tarbert said.

Tarbert, who took chair just this July, further said he anticipates eth futures trading on U.S. markets in the...

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