CBOE plans to launch a new CME FTSE Bitcoin Index futures on April 28

2025-04-08 08:13:24

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ChainCatcher news, according to Coindesk, the Chicago Board Options Exchange (Cboe) cryptocurrency division Cboe Digital announced on Monday that it plans to launch a new Bitcoin futures product on April 28, currently awaiting regulatory approval.

The product will be developed in collaboration with FTSE Russell, based on the XBTF index (representing 1/10 of the FTSE Bitcoin Index value), and will be cash-settled, with settlement occurring on the last business day of each month. Cboe's Head of Global Derivatives, Catherine Clay, stated that this launch comes at a time when demand for cryptocurrency exposure continues to grow, with investors increasingly seeking more capital-efficient and versatile ways to acquire and manage cryptocurrency exposure. Notably, Cboe became the first U.S. regulated exchange to receive CFTC approval to offer both spot and leveraged derivatives trading in November 2023.

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