I believe the Bakkt Launch is set for November, which will allow Bakkt to start physically delivering Bitcoin future contracts for fiat currencies, including USD, GBP and EUR, meaning that Bakkt will be buying Bitcoins on the market and storing them in their platform for the duration of these contracts.
In my opinion a physically backed Bitcoin future contracts is a very bullish sign for Bitcoin and the crypto markets in general.
I am a Bitcoin maximalist and Hodler and realist, and November is just the next month, so why are crypto investors still not bullish? The Bitcoin price is more stable than ever?