Cboe Global Markets has expanded its cryptocurrency derivatives offerings with the introduction of itcoin">Bitcoin index futures on the Cboe Futures Exchange. Launched on April 29, the new Cboe FTSE itcoin">Bitcoin Index futures (XBTF) is a cash-settled contract based on the FTSE itcoin">Bitcoin Reduced Value Index, complementing the company’s existing digital asset products that include spot itcoin">Bitcoin ETFs and itcoin">Bitcoin ETF options. The monthly futures contract will settle in cash on the last business day of each month, eliminating the complexities typically associated with physically-delivered itcoin">Bitcoin.
Catherine Clay, Cboe’s global head of derivatives, emphasized that the new product responds to growing investor demand for regulated cryptocurrency exposure options. “Our launch of the new Cboe FTSE itcoin">Bitcoin Index Futures adds a key building block to our crypto derivatives toolkit — offering market participants another versatile tool to gain and seek to hedge bitcoin exposure, all within a regulated and transparent marketplace, with centralized clearing,” Clay stated. The introduction follows strong demand after Cboe’s earlier launch of cash-settled options on the Cboe itcoin">Bitcoin U.S. ETF Index.
This latest offering builds upon Cboe’s growing cryptocurrency presence, which began with the company’s November 2024 announcement of CBTX, developed in collaboration with Cboe Labs and Cboe Global Indices. CBTX was notably the first U.S. spot itcoin">Bitcoin ETF index for the American market, providing a modified market cap-weighted index that tracks performance across a basket of spot itcoin">Bitcoin ETFs listed in the United States. Beyond itcoin">Bitcoin products, Cboe’s BZX Equities Exchange has further expanded into digital assets by listing spot Ethereum ETFs, rounding out its comprehensive cryptocurrency investment solutions.
