Buying Bitcoin Futures

[Lpw54]

It is a psychically settled contract so the holder of a long position must take delivery of bitcoin if held through expiry.

How does Interactive Brokers deliver the bitcoin to you? When I looked up the instrument description, it says:

Settlement Method Physical Delivery
Physical Delivery Not permitted at Interactive Brokers

 

[narafa]

How does Interactive Brokers deliver the bitcoin to you? When I looked up the instrument description, it says:

Settlement Method Physical Delivery
Physical Delivery Not permitted at Interactive Brokers

IB will not allow the physical delivery to happen (Just like what they do with commodities), there will be a cut-off date for longs and shorts where you will need to close out your position before, otherwise IB will auto-close the position for you to avoid physical delivery.

Search for BAKKT on this page to know the cut-off dates/times of different contracts.

https://www.interactivebrokers.com/en/index.php?f=deliveryExerciseActions&p=physical

 

[maxinger]

BTC from CME volume is quite decent.
margin requirement $74K / lot!

BAKKT Bitcoin Futures @ ICE is quite low.

Bitcoin Cash settled monthly Futures from ICE Futures Sgp volume -
you need to use a microscope in order to see it.