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Bitcoin Cash Futures Launch Sends BCH Soaring 30%

Guavy AI Editorial Team
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BTC BCH BSV
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The cryptocurrency market has seen a recent surge in Bitcoin Cash and its fork, Bitcoin SV. While Bitcoin itself dipped to around $84,000 on Wednesday, BCH jumped as much as 30% after CME Group announced it will launch futures for the asset on October 19.

This news was accompanied by Grayscale's filing to convert its Bitcoin Cash Trust into a spot ETF for NYSE Arca listing. The move is seen as an institutional-adoption story that has further fueled BCH's rally.

Bitcoin SV, which split from Bitcoin Cash in the 'Hash War' of 2018, also saw significant gains, rising around 20% and touching an annual high near $21.

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