Cboe launches cash-settled Bitcoin Index futures

CBOE Global Markets widens its offer of derivatives based on cryptography with the launch of its new Bitcoin product on the CBOE Futures Exchange.

CBOE, a provider of trading and investment solutions in terms of derivatives and securities, announcement exchange for his new bitcoin (BTC) Understanding Tuesday, April 29.

THE CBOE FTSE Bitcoin Futures index is a long -term contract in cash based on the Bitcoin FTSE reduced value index. Its launch is added to the suite of digital asset products from the platform, which already includes negotiated funds in Bitcoin and Bitcoin ETF options.

As a cash offer, the BTC index long -term product removes the complexities associated with physically delivered bitcoin. The future XBTF will settle in the afternoon on the last working day of each month.

The demand sees Cboe Bring the new product to offer another way to investors to win an exhibition and manage risks with BTC, said Catherine Clay, a global CBO derivative manager.

“Our launch of the new CBOE FTSE Bitcoin Futures adds a construction element Key to our Crypto derivative toolbox – offering market participants another versatile tool to win and seek to cover exposure to Bitcoin, all in a regulated and transparent market, with a centralized clearing,” added Clay.

XBTF launches on the back of a high demand after CBOE has introduced cash options on the ETF CBOE Bitcoin US index.

Business revealed plans For CBTX in November 2024, jointly revealing the offer in December with CBOE Labs and CBOE Global Indices.

CBTX was the first index of the American Bitcoin Bitcoin FNB for the American market and offers a weighted index by the modified market capitalization which follows the performance of an ETF BTC Spot basket in the United States. The index fund is closely correlated at the price of Bitcoin.

In addition to Bitcoin Spot ETF, CBOE Exchange Equities Exchange LETTERIAL SPOT Ether (Ethn) ETF.