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Are bitcoin futures a commodity?

The Commodity Futures Trading Commission (CTFC) regulates the overall futures market, and the agency considers Bitcoin a commodity, so Bitcoin futures are commodity futures. Bitcoin futures contracts trade on the Chicago Mercantile Exchange (CME), which introduces new monthly contracts for cash settlement.

Is bitcoin a commodity or a security?

The Commodity Futures Trading Commission (CFTC) considers Bitcoin to be a commodity and asserts that it holds regulatory authority over BTC under the Commodity Exchange Act. Is Ethereum a Commodity or Security? Much like Bitcoin, Ethereum remains in a regulatory grey area and subject to differences in opinion about its classification.

Why are bitcoins a 'digital commodity'?

They have been traded for a variety of reasons, from avoiding market volatility by buying gold to increasing potential returns with risky commodity futures contracts. Cryptocurrencies, including Bitcoin, are now a part of the commodity family asmost governments classify them as “digital commodities.”

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