Last updated on April 30th, 2025 at 06:48 pm
Cboe Global Markets has announced plans to introduce a new Bitcoin futures contract later this month, subject to regulatory approval. In a press release, the exchange revealed that the Cboe FTSE Bitcoin Index Futures product is scheduled to begin trading on April 28. This contract will be cash-settled and based on the FTSE Bitcoin Index, with its value reduced to one-tenth of the index.
The new futures product will trade under the XBTF ticker and settle on the last business day of each month. This product aims to provide traders more flexibility in managing Bitcoin exposure without directly holding the asset. It will complement Cboe’s recently launched options tied to Bitcoin exchange-traded funds, enhancing their crypto offerings. Catherine Clay, Cboe’s global head of derivatives, noted that these new products will equip investors with better tools for hedging and strategy construction in the digital asset landscape.
Clay noted,
“This launch comes at a pivotal time as demand for crypto exposure continues to grow, and market participants are increasingly seeking more capital-efficient and versatile ways to gain and manage that exposure.”
The FTSE Bitcoin Index, which underpins the new futures product, was developed by FTSE Russell in collaboration with Digital Asset Research. Designed to track Bitcoin’s price, the index adheres to strict standards, carefully selecting the exchanges and data sources included. This ensures the index accurately reflects the investable market, providing a reliable foundation for future contracts.
This latest move is part of Cboe’s broader commitment to expanding its digital asset offerings. The exchange has also submitted Form 19b-4 to the SEC to gain approval for staking Ethereum in the 21Shares Core Ethereum ETF. If approved, this would mark the first U.S. ETF to propose staking, allowing investors to earn rewards on their ether holdings—a feature currently unavailable in Ethereum ETFs.
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