Unlock Bitcoin’s Future: Cboe’s Cash-Settled Index Futures Debut Now!

Cboe Launches New Bitcoin Index Futures for Investors

Cboe Global Markets is broadening its crypto derivatives lineup with a new Bitcoin product. The company introduced its Cboe FTSE Bitcoin Index futures on April 29. This cash-settled futures contract is based on the FTSE Bitcoin Reduced Value Index.

The new product complements Cboe’s existing digital asset offerings, such as spot Bitcoin ETFs and Bitcoin ETF options. As a cash-settled contract, it simplifies Bitcoin trading by eliminating the need for physical delivery. Settlement occurs in the afternoon on the last business day of each month.

Catherine Clay, global head of derivatives at Cboe, explained the product’s importance. “Our new Cboe FTSE Bitcoin Index Futures provides another tool for investors to manage Bitcoin exposure in a regulated and transparent environment,” she said.

This launch follows the success of Cboe’s cash-settled options on the Cboe Bitcoin U.S. ETF Index. The firm first announced plans for CBTX in November 2024,collaborating with Cboe Labs and Cboe Global Indices.

CBTX is the first U.S. spot Bitcoin ETF index, tracking a basket of U.S.-listed spot BTC ETFs. It closely mirrors Bitcoin’s spot price. besides spot Bitcoin ETFs, Cboe’s BZX Equities Exchange also lists spot Ether (ETH) ETFs.

For more details, visit Cboe’s official website.