Main derivatives and securities change Chicago Board Choices Change (Cboe) World Markets has introduced plans to launch Cboe FTSE Bitcoin Index futures (XBTF) with FTSE Russell, a subsidiary of London Inventory Change Group (LSEG).
The brand new XBTF futures are cash-settled contracts and decide on the final enterprise day of every month. They’re primarily based on The providing can be primarily based on the FTSE Bitcoin Diminished Worth Index (XBTF Index). FTSE Russell developed the latter in collaboration with Digital Asset Analysis. It represents 1/tenth the worth of the FTSE Bitcoin Index.
In response to the press launch, if regulators give it the inexperienced gentle, the staff expects the brand new futures to start out buying and selling on Cboe Futures Change on 28 April 2025.
Moreover, the XBTF futures will complement the choices on the Cboe Bitcoin US ETF Index1 launched in November 2024.
NEWS: Cboe Plans to Launch New Cboe FTSE Bitcoin Index Futures (#XBTF), Additional Increasing its Bitcoin Derivatives Choices
For extra, see the press launch: https://t.co/7ky1xdoWLq@FTSERussell pic.twitter.com/oZ8W4Ao8j9— Cboe (@CBOE) April 7, 2025
Moreover, Cboe will supply each BTC-based cash-settled futures and securities choices. The objective, it says, is to provide a complete suite of merchandise to market contributors. It can allow them to implement Bitcoin-related buying and selling and hedging methods.
Per Cboe, customers can make the most of the merchandise individually to handle Bitcoin volatility or collectively to execute a sophisticated buying and selling technique. Moreover, Cboe plans to clear XBTF futures by way of the OCC clearing home. It already clears CBTX and MBTX choices.
Shawn Creighton, Director of Index Derivatives Options at FTSE Russell, commented on Cboe’s enlargement of its Bitcoin product ecosystem through this firm. He says: “We have now established an trade customary for assessing underlying digital asset and change inclusion, and our rigorous vetting and monitoring course of is designed to assist guarantee our indices are reflective of the investable digital belongings market.”
You may additionally like Cboe to Launch First Money-Settled Choices on Spot Bitcoin ETFs
Evolving Cboe Bitcoin Product Ecosystem
As reported in November 2024, Cboe mentioned it might launch cash-settled index choices primarily based on its Bitcoin US ETF Index on 2 December. The corporate said that the choices can be listed on its Choices Change. It might permit merchants to achieve publicity to Bitcoin value fluctuations with out holding the underlying asset.
Notably, that launch expanded Cboe’s current digital asset choices, together with cash-settled Bitcoin and Ethereum futures.
Through the years, Cboe has launched various crypto-related merchandise. It lists most of the US spot BTC and ETH exchange-traded funds (ETFs) on the Cboe BZX Equities Change.
Moreover, the change not too long ago revealed the cash-settled index choices associated to the worth of spot Bitcoin. These can be found in customary and mini contracts. “This innovation has since spurred a brand new wave of ETFs itemizing on Cboe,” the announcement says.
Cboe’s margined Bitcoin and Ether futures, at the moment buying and selling on Cboe Digital Change, will transfer to Cboe Futures Change in Q2 2025.
And the corporate continues increasing. Simply as we speak, it introduced that Cboe Clear Europe launched clearing for securities financing transactions (SFTs) protecting European money equities and ETFs.
Pushed by innovation, Cboe Clear Europe launched clearing for securities financing transactions (SFTs), protecting European money equities & ETFs.
Right here, Cboe Clear Europe President Vikesh Patel seems on the impression on a resilient, environment friendly lending ecosystem: https://t.co/ATTwn1D6It pic.twitter.com/YWYQ5HLqXU— Cboe (@CBOE) April 8, 2025
Additionally, in March this yr, the Cboe BZX Change requested the US Securities and Change Fee (SEC) for permission to incorporate staking options within the Constancy Ethereum ETH ETF.
In the meantime, this newest launch of XBTF futures is the primary product below Cboe’s newest collaboration with FTSE Russell, it says. It’s centered on “driving product innovation within the digital belongings markets.”
Per Catherine Clay, World Head of Derivatives at Cboe, “this launch comes at a pivotal time.” Demand for crypto publicity continues to develop, she says. “Market contributors are more and more looking for extra capital-efficient and versatile methods to achieve and handle that publicity.”
Clay provides that many purchasers already use Cboe’s suite of Bitcoin merchandise.
You may additionally like CBOE Submits Proposal to Permit Staking within the Constancy ETH ETF
The submit Cboe to Launch New Bitcoin Futures with FTSE Russell appeared first on Cryptonews.