Cboe Global Markets has unveiled plans for its new Cboe FTSE Bitcoin Index Futures (XBTF), with trading scheduled on the Cboe Futures Exchange for 28 April.
Catherine Clay
Cboe said the product aligned with its vision to drive expansion in the digital assets markets.
The launch marks a step forward in the exchange operator’s collaboration with FTSE Russell.
“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,” said global head of derivatives at Cboe, Catherine Clay.
“Many of our customers are already utilising Cboe’s full suite of bitcoin products – whether the spot US bitcoin ETFs listed on Cboe’s equities exchange, our cash-settled Bitcoin ETF index options, or defined-outcome ETFs that hold those options. These new futures will be the latest addition to continue evolving our bitcoin product ecosystem and providing traders with even more tools to navigate the digital assets market.”
The new XBTF futures follow Cboe’s recently launched options on its Bitcoin US ETF Index, aimed at delivering greater access to tools to execute trading and hedging strategies related to bitcoin.
Cboe said that the products can be used together to carry out more advanced trading strategies, or on their own to manage bitcoin volatility.
Cboe has continued to expand its digital asset offering in recent years, including listing US spot bitcoin and ether EFTs on its Cboe BZX equities exchange and launching the first cash-settled index options related to the price of spot Bitcoin in December 2024.
Shawn Creighton, director, index derivatives solutions at FTSE Russell, an LSEG business, said: “We’re delighted to be working with Cboe on the expansion of its bitcoin product ecosystem, with the introduction of futures based on the FTSE Bitcoin Index. We have established an industry standard for assessing underlying digital asset and exchange inclusion, and our rigorous vetting and monitoring process is designed to help ensure our indices are reflective of the investable digital assets market.”
