Bakkt has competition from ErisX, what it means for Crypto

Bakkt is the big news currently from the world of Cryptocurrencies, but there is another competitor on the horizon that is also backed by big Wall Street Giants known as ErisX that is looking to launch spot trading early in 2019 and will launch physically backed futures of Bitcoin and possibly Litecoin and Ethereum later next year. This will expand the market to more investors next year and as these futures will be settled in Bitcoin and not Fiat, I think this will overall be good for the Bitcoin market. This means that these big Wall Street guys see the large demand for Crypto that is out there and are acting on it before the ship sails off without them meaning that in the long run, Crypto has a bright futures and will be much bigger than it is today.