On Dec 9th, they start:
· Cash or physical settlement: Options will settle into Bakkt’s monthly bitcoin futures contract with time to roll, close out positions or take physical delivery
“Cash” settlement doesn’t scare you? It should if you know what it means. Bakkt was all about “Physical” settlement, and thats why so many waited for it to come to the ‘Rescue’, but there’s no ‘rescue’ from an entity owned/backed by CME & ICE.