Edward Tilly tells what he thinks on the first day of Bitcoin futures his company launched

“We saw pretty volatile overnight markets, a lot of price moves, but everything worked as it should,” tells Mr. Edward Tilly, whose CBOE, or Chicago Board Options Exchange has become an object of interest of cryptocurrency enthusiasts once it became clear it plans to trade futures related to the price of Bitcoin. However, some traditional financial organizations, including Goldman Sachs, have written an open letter to the U.S. Commodity Futures Trading Commission where they expressed concerns over the approval process of Bitcoin futures they deemed too fast.

From the overall market reception, however, it’s clear that this mechanism works as intended and nothing harmful occurred — at least yet. Meanwhile, Edward Tilly says his organization is going to continue promoting Bitcoin ETFs while talking with authorities — if they allowed Bitcoin futures, why not allow Bitcoin ETFs?

As noted by Craig Erlam, senior market analyst in Great Britain: “It was smooth, and Bitcoin traders don’t seem to be put off by futures. There was a fear that short selling would have an adverse impact on price, but we haven’t seen that yet.”