Bakkt Launch Incoming…What to Expect:

On September 22, a product designed to remake Bitcoin as a mainstream investment for the world's investment managers will go live. When ICE Futures U.S., one of the world's largest commodities markets, opens trading at 8 p.m. ET that day, it will offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency contracts ever traded on a federally regulated exchange.

If the exchange works as planned, it will give institutional investors a secure, well-monitored place to trade Bitcoin, the world's most widely used cryptocurrency. That in turn could...