Cboe Plans to Launch New Cboe FTSE Bitcoin Index Futures, Further Expanding its Bitcoin Derivatives Offerings
Cboe Global Markets (CBOE) has announced plans to launch Cboe FTSE Bitcoin Index futures on April 28, 2025, subject to regulatory review. The new futures will be based on the FTSE Bitcoin Reduced Value (1/10th) Index (XBTF) and will trade on Cboe Futures Exchange.
The cash-settled futures are designed to complement Cboe's recently launched Bitcoin U.S. ETF Index options (CBTX, MBTX), providing traders with expanded tools for implementing trading and hedging strategies. The futures will be cleared through OCC and will settle P.M. on the last business day of each month.
This launch represents the first product under Cboe's collaboration with FTSE Russell aimed at digital assets market innovation. The expansion adds to Cboe's growing crypto offerings, which include spot bitcoin ETF listings, cash-settled index options, and margined bitcoin and ether futures.
Cboe Global Markets (CBOE) ha annunciato l'intenzione di lanciare i futures sull'indice Bitcoin FTSE di Cboe il 28 aprile 2025, soggetto a revisione normativa. I nuovi futures saranno basati sull'indice FTSE Bitcoin Reduced Value (1/10) (XBTF) e saranno negoziati sulla Cboe Futures Exchange.
I futures regolati in contante sono progettati per integrare le opzioni sull'indice ETF Bitcoin U.S. recentemente lanciate da Cboe (CBTX, MBTX), fornendo ai trader strumenti ampliati per implementare strategie di trading e copertura. I futures saranno regolati attraverso l'OCC e si chiuderanno il giorno lavorativo finale di ciascun mese.
Questo lancio rappresenta il primo prodotto della collaborazione di Cboe con FTSE Russell volta all'innovazione nel mercato degli asset digitali. L'espansione si aggiunge all'offerta in crescita di Cboe nel settore delle criptovalute, che include quotazioni di ETF su bitcoin spot, opzioni su indici regolate in contante e futures su bitcoin ed ether con margine.
Cboe Global Markets (CBOE) ha anunciado planes para lanzar futuros del índice Bitcoin FTSE de Cboe el 28 de abril de 2025, sujeto a revisión regulatoria. Los nuevos futuros se basarán en el índice FTSE Bitcoin Reduced Value (1/10) (XBTF) y se negociarán en la Cboe Futures Exchange.
Los futuros liquidados en efectivo están diseñados para complementar las opciones del índice ETF de Bitcoin de EE. UU. que Cboe lanzó recientemente (CBTX, MBTX), proporcionando a los traders herramientas ampliadas para implementar estrategias de trading y cobertura. Los futuros se liquidarán a través de OCC y se ajustarán al cierre del último día hábil de cada mes.
Este lanzamiento representa el primer producto bajo la colaboración de Cboe con FTSE Russell, orientada a la innovación en el mercado de activos digitales. La expansión se suma a la creciente oferta de criptomonedas de Cboe, que incluye listados de ETF de bitcoin al contado, opciones de índice liquidadas en efectivo y futuros de bitcoin y ether con margen.
Cboe 글로벌 마켓(CBOE)는 2025년 4월 28일에 Cboe FTSE 비트코인 지수 선물을 출시할 계획을 발표했습니다. 이는 규제 검토를 조건으로 하며, 새로운 선물은 FTSE 비트코인 감소 가치 지수(1/10)(XBTF)를 기반으로 하여 Cboe 선물 거래소에서 거래될 것입니다.
현금 결제되는 이 선물은 최근 Cboe가 출시한 비트코인 미국 ETF 지수 옵션(CBTX, MBTX)을 보완하기 위해 설계되었으며, 트레이더에게 거래 및 헤징 전략을 구현할 수 있는 확장된 도구를 제공합니다. 이 선물은 OCC를 통해 청산되며, 매월 마지막 영업일에 결제됩니다.
이번 출시는 Cboe와 FTSE 러셀 간의 디지털 자산 시장 혁신을 목표로 하는 협력의 첫 번째 제품을 나타냅니다. 이번 확장은 비트코인 스팟 ETF 상장, 현금 결제 지수 옵션, 마진 비트코인 및 이더 선물을 포함한 Cboe의 증가하는 암호화폐 제공에 추가됩니다.
Cboe Global Markets (CBOE) a annoncé son intention de lancer des futures sur l'indice Bitcoin FTSE de Cboe le 28 avril 2025, sous réserve d'une révision réglementaire. Les nouveaux futures seront basés sur l'indice FTSE Bitcoin Reduced Value (1/10) (XBTF) et seront négociés sur la Cboe Futures Exchange.
Les futures réglés en espèces sont conçus pour compléter les options sur l'indice ETF Bitcoin U.S. récemment lancées par Cboe (CBTX, MBTX), fournissant aux traders des outils élargis pour mettre en œuvre des stratégies de trading et de couverture. Les futures seront réglés par l'OCC et se clôtureront le dernier jour ouvrable de chaque mois.
Ce lancement représente le premier produit de la collaboration entre Cboe et FTSE Russell visant à innover sur le marché des actifs numériques. L'expansion s'ajoute à l'offre croissante de Cboe en matière de cryptomonnaies, qui comprend des cotations d'ETF Bitcoin au comptant, des options sur indices réglés en espèces et des futures sur Bitcoin et Ether avec marge.
Cboe Global Markets (CBOE) hat Pläne angekündigt, am 28. April 2025 Cboe FTSE Bitcoin Index-Futures einzuführen, vorbehaltlich der regulatorischen Prüfung. Die neuen Futures basieren auf dem FTSE Bitcoin Reduced Value (1/10) Index (XBTF) und werden an der Cboe Futures Exchange gehandelt.
Die bar abgerechneten Futures sind darauf ausgelegt, die kürzlich eingeführten Bitcoin U.S. ETF Index-Optionen von Cboe (CBTX, MBTX) zu ergänzen und den Händlern erweiterte Werkzeuge zur Umsetzung von Handels- und Absicherungsstrategien zur Verfügung zu stellen. Die Futures werden über die OCC abgewickelt und am letzten Geschäftstag jedes Monats abgerechnet.
Dieser Launch stellt das erste Produkt aus der Zusammenarbeit von Cboe mit FTSE Russell dar, die auf Innovationen im digitalen Asset-Markt abzielt. Die Erweiterung ergänzt das wachsende Krypto-Angebot von Cboe, das Spot-Bitcoin-ETF-Listings, bar abgerechnete Indexoptionen und margingestützte Bitcoin- und Ether-Futures umfasst.
- Expansion of trading products offering greater flexibility and capital efficiency for investors
- Strategic collaboration with FTSE Russell enhancing product innovation
- Integration with existing Bitcoin ETF options creating comprehensive trading ecosystem
- Clearing through established OCC infrastructure
- Launch still subject to regulatory review and approval
- Implementation delayed until Q2 2025
Insights
Cboe's planned launch of FTSE Bitcoin Index futures represents a strategic expansion of its digital assets ecosystem, building on the company's existing Bitcoin ETF index options. This move creates a more comprehensive derivatives suite that allows traders to implement increasingly sophisticated Bitcoin trading and hedging strategies.
The cash-settled futures design is particularly noteworthy as it provides market participants with capital-efficient exposure to Bitcoin without requiring physical settlement. By using the reduced value index (1/10th), Cboe is making the contract more accessible to a broader range of traders while maintaining the OCC clearing relationship that institutional clients value for risk management.
This product introduction fits within Cboe's broader digital assets strategy that includes listing spot crypto ETFs, offering index options, and providing margined futures. The company is creating a vertically integrated offering across its exchange network that positions it to capture trading volume at multiple points in the digital asset trading ecosystem.
While no financial projections are provided, this launch strengthens Cboe's competitive positioning against other derivatives exchanges offering crypto products. The timing aligns with increasing institutional participation in regulated crypto markets, though actual impact will depend on adoption rates and trading volumes following the April 28th launch.
- New Cboe FTSE Bitcoin Index Futures planned to launch on April 28, 2025, subject to regulatory review
- Cash-settled futures aim to complement Cboe Bitcoin
U.S. ETF Index options - Expansion of Cboe's bitcoin product suite expected to offer traders greater choice, versatility and capital efficiency
Building on Cboe's growing suite of bitcoin derivatives products, the new XBTF futures are designed to complement its recently launched options on the Cboe Bitcoin
"We're excited to expand our collaboration with FTSE Russell to help grow the digital assets markets through continued innovation," said Catherine Clay, Global Head of Derivatives at Cboe. "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. Many of our customers are already utilizing Cboe's full suite of bitcoin products – whether the spot
XBTF futures are cash-settled contracts and settle in the afternoon (P.M) on the last business day of each month. They are based on the XBTF Index – developed by FTSE Russell in collaboration with Digital Asset Research – which represents 1/10th the value of the FTSE Bitcoin Index.
Shawn Creighton, Director, Index Derivatives Solutions at FTSE Russell, an LSEG business, commented: "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."
Cboe has continued to expand its digital asset offerings in recent years, providing a wide range of product offerings to provide customers greater flexibility and choice. Cboe lists a majority of
For more information on new Cboe FTSE Bitcoin Index futures, visit the pre-launch resource hub.
About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing, and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX across
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