Bitcoin’s smaller cousins are outpacing the largest cryptocurrency’s gains since major U.S. exchanges started offering futures.

The biggest gainers among digital assets with at least $1 billion of market capitalization in the past seven days are so-called alternative coins Verge, Tron, Qtum and Cardano, soaring at least 300 percent. Despite some wild price swings, bitcoin’s price is mostly flat since Cboe Group Markets Inc. and CME Group Inc. made the derivatives available in the past two weeks.

“People were really excited about the futures coming in and bitcoin really rallied leading up to that,” Joe Van Hecke, managing partner at Chicago-based Grace Hall Trading, said in a telephone interview from Charlotte, North Carolina. “Bitcoin’s been on a massive rally and the other coins are just now catching up as it takes a breather. Additionally, some positive press around some of them added to the rally. “


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