Bakkt Bitcoin futures contract has been the first big deal

On October 5th, Bakkt's parent company, the Intercontinental Exchange (ICE), announced on Friday that the cryptocurrency investment fund Galaxy Digital and the over-the-counter trading company XBTO had conducted the first block trade in the Bakkt bitcoin futures contract. The transaction took place on Tuesday, but ICE did not disclose the size of the deal. It is reported that the block trade is to avoid large transactions that are conducted outside the open market to make the price change too large.