Bakkt Bitcoin (USD) Monthly Futures

ICE Futures U.S.

Bakkt ® Bitcoin (USD) Monthly Futures

A physically settled monthly futures contract for bitcoin held in the Bakkt Warehouse

Trading Screen Product Name: Bakkt BTC (USD) Monthly Future
Trading Screen Hub Name: ICUS
Contract Symbol: BTM
Contract Size: 1 Bitcoin
Price Quotation: US Dollars per bitcoin, to two decimal places
Minimum Price Fluctuation: $2.50 per bitcoin ($2.50 per contract).
Block Trades may be executed at $0.01 per bitcoin ($0.01 per contract).
Daily Price Limit: None
Listing Cycle: Up to 12 consecutive contract months
Final Settlement: Physical Delivery in the Bakkt Warehouse
Delivery Locations: Bakkt Warehouse
Last Trading Day: The business day prior to the Delivery Day for the contract month.
Trading in the expiring contract month ceases at 2:30 pm NY time on the Last Trading Day
Last/Only Delivery Day: Up to and including the January 2022 expiry month: the third Friday of the contract month.

For the February 2022 and later expiry months: the last Friday of the contract month.
Off Exchange Trade Types: EFRP and Block Trades permitted
Block Trade Minimum: 10 lots
NCR, RL and IPL Levels: NCR - $300.00
RL - $750.00
IPL - $1,500.00, 5 second recalculation and hold periods.
Daily Settlement Window: 4:58 to 5:00 pm EPT
Position Limit: Spot Month Position Limit - 25,000 lots.
Position Accountability Level - 25,000 lots in any month and in all months combined.
MIC Code: IFUS
Clearing Venues: ICUS

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