CME, the world’s largest futures exchange, launched its own bitcoin futures contract Sunday under the ticker “BTC.”
The futures fell more than 4 percent to $18,665 about two hours after opening at $20,650 and rising slightly.
The move lower was a stark contrast from the 19 percent surge in CBOE bitcoin futures during their first day of trading a week ago. The Cboe bitcoin futures, traded under the ticker “XBT,” rose more than 2 percent to $18,530 Sunday evening, ET.
Read more at CNBC.