Catenaa, Thursday, April 10, 2025-Chicago Board Options Exchange (Cboe) Global Markets has announced plans to launch new Bitcoin futures contracts in collaboration with FTSE Russell, a subsidiary of London Stock Exchange Group (LSEG).
The Cboe FTSE Bitcoin Index futures (XBTF) are cash-settled contracts, based on the FTSE Bitcoin Reduced Value Index.
This index, developed in collaboration with Digital Asset Research, represents 1/10th of the value of the FTSE Bitcoin Index.
Pending regulatory approval, the new futures are expected to begin trading on the Cboe Futures Exchange on April 28, 2025.
The XBTF futures will complement Cboe’s existing Bitcoin-related products, including its Bitcoin US ETF Index options, which launched in November 2024.
Cboe aims to offer a complete range of products for market participants, enabling both Bitcoin-related trading and hedging strategies. Additionally, Cboe will clear the XBTF futures through the OCC clearinghouse, which already handles the exchange’s other Bitcoin and Ethereum options.
This move is part of Cboe’s ongoing expansion of its digital asset offerings. The exchange has already launched a range of Bitcoin and Ethereum futures and continues to introduce innovative products.
Cboe’s Director of Index Derivatives Solutions at FTSE Russell, Shawn Creighton, emphasized the company’s focus on ensuring its indices accurately reflect the investable digital asset market.
