6. Does it mean the price is most likely to go up?

  There are several reasons why this is the case.

• As Bitcoin futures can be regulated on public exchanges, it gives people who were previously skeptical as a result of the lack of regulation, the confidence to invest.
• Institutional investors are more likely to offer Bitcoin futures to their clients as a viable investment option.
• It brings more liquidity to the market, making it easier to buy, sell and trade the cryptocurrency, and therefore much more lucrative.
• It opens up the Bitcoin market to a wider investor base, including countries where the trade of Bitcoin has been banned.

As futures are designed to balance out price fluctuations of underlying assets, it could also make the price of Bitcoin less volatile.