Bakkt

Adam White, the president, and founding executive of Bakkt, will be leaving the organization after three years of service.

Bitcoin and the crypto market’s multi-month consolidation period have provided investors with an accumulation opportunity, and it appears that institutional and retail investors have both taken advantage of this.

Bakkt, the Intercontinental Exchange (ICE) crypto subsidiary, suffered its second high-profile executive exit last week after CEO Mike Blandina stepped down.

Junior United States Senator and former CEO of Bakkt Kelly Loeffler disclosed dumping millions of dollars worth of stock holdings in the days and weeks following a private senators-only briefing on the Coronavirus in late January, as reported by The Daily Beast.

The daily volume of the Bakkt Bitcoin futures market has been on a consistent rise since mid-January.

According to the latest data from Skew, the volume of Bakkt’s physically-settled futures exceed the volume of its cash-settled product.