After a few false alarms in the past, Bakkt looks ready to launch its Bitcoin futures contract.

According to the announcement, the Intercontinental Exchange (ICE)-backed company will be launching its physically-backed futures contract in June, which will be offered as both a daily settlement future and as monthly futures.

The crowd reaction to the news was mixed; while some deemed it decisively bullish:

...and even pinned BTC’s latest price action on the Bakkt announcement:

...others pointed to the company’s history of breaking promises and deadlines when it came to BTC futures, and recommended people don’t hold their breath:

Jake Chervinsky, a former litigator and popular crypto pundit, also seems to share that sentiment: