I don’t really like non-physical bitcoin backed trading but it’s at least something positive. Institutions are really beginning to embrace bitcoin positively after years of ignoring it or being negative. It’s not much but it’s another little rung on our ladder to the moon.

This bit of news feels like it's only bullish once it actually gets approved. There have been a lot of etfs and other things we've waited for in the past and the initial bullishness of their approval is normally the only thing that matters.

If it does get approved it'll be a good on-ramp for a lot of funds though that want to invest in crypto or dabble with the idea of risking a few % on bitcoin (which they probably won't notice is gone anyway - since that institution is quite well known).

Despite bigger liquidity, new futures trading options does not impact price since futures enables not only longing but also sorting coins you don't own. So net outcome is neutral. I would rather like to see that they help to build crypto-fiat getaways, build-in crypto wallets inside bank accoutns. So they will in give something to crypto instead of taking fees from trading only. Trading futures with zero net positive impact on crypto industry.

The good news about this is it would allow american's access to leveraged bitcoin trading. Americans have always been banned from trading on bitmex and platforms offering leveraged trading. It would be nice not to feel like we're stuck in the stone age in the USA.

If this signals, things to come, perhaps we might get crypto ETFs in the future as well.

Maybe of the bigger american crypto traders are renouncing US citizenship and moving out of the country for the greater crypto options and freedom offered by other parts of the world. I would guess cutting back on capital flight and hemorrhaging citizens could be goals worth pursuing.

Bravo! Bank of America, Goldman Sachs, Citigroup.
I am very happy about the news because good progress is coming for bitcoin because it will be introduced to more people in the world through banking.

I have mixed feelings, in my country Venezuela had Citigroup headquarters but later they were closed due to the blockade.
While these offices existed, I was struck by creating a bank account in this prestigious bank, opening an account invited me to improve myself but I stopped because I did not earn enough to save my money there.
Now I feel that I have surpassed myself and after seeing this news I think that I am living a paradox because I knew how to choose the best bank that is bitcoin.

https://www.coindesk.com/business/2021/08/24/citigroup-gearing-up-to-trade-cme-bitcoin-futures-sources/

It will become a bullish trend when it is accepted because that means, many companies want to use bitcoin for trading and they will see that bitcoin can bring them more money with the fluctuating of the price. But what I am more concerned about is how long that can be approved by them since that will need long before they are ready to accept. Maybe before they accept that, they will reject and need more time to check everything. But no matter what, bitcoin will rise at the right time and that is for sure.

It may promote the growth of Bitcoin price, which is a better thing. Will attract some people to learn about Bitcoin.
Promote the popularity of Bitcoin. When more and more people learn about Bitcoin, many companies will follow suit. Just like El Salvador was the first to set it as legal tender.

This is some better progress than before and I'm pretty sure this is just the start of this new future. Some years later we can finally say that bitcoins will be here forever. If this will become the reason for the price of bitcoins to continue rising, then this is not a bad thing at all rather this is just something we need right now and when this thing becomes popular then there is only one thing I can say about it, around the world implementation which will make the bitcoins regular currency of the world next to dollars.