The Chicago Board Options Exchange (CBEE) has announced the launch of a new derivative product of Bitcoin Futures.
According to one April 7 announcementCBOE plans to launch FTSE Bitcoin Index Futures on April 28, based on the Vaneck Bitcoin Strategy ETF (XBTF), if approved by regulators.
The new product will be cash-settle, and like the XBTF, it represents one-ten of the FTSE bitcoin index value. Futures will organize on the last business day of each month.
This is the first product to be launched as a result of CBOE’s Collaboration In the London Stock Exchange Group index, FTSE Russell. The new one Bitcoin’s derivative product has been reportedly meant to complement its recently launched Bitcoin options Bitcoin US ETF (CBTX) index choices and Bitcoin US ETF (MBTX) index choices are offered. Catherine Clay, global head of derivatives in CBEE, said:
“This launch comes at an important time as demand for crypto exposure continues to grow and market participants are increasingly seeking more capital and versatile ways to achieve and manage that exposure.”
Related: Largest CME gap is printed only in bitcoin futures
CBOE continues to develop crypto product
CBEE is a world -world financial scene and a historical institution established in 1973. The exchange is also a Bitcoin provider (Btc) products, having launched The first contracts with bitcoin futures on December 10, 2017.
Today, CBOE has continued to change in traditional markets that appear to be glacial in their evolution to the crypto natives. In early February, the exchange revolves around the gap between crypto and traditional finances by The announcement of plans to roll a 24-hour trading day – But only in the end days.
Related: CBEE files amended applications to list Bitcoin options, Ethereum with us
Bitcoin futures are not a thing of the past
Despite the introduction of funds exchanged by the Bitcoin (ETF) exchange, bitcoin futures have been widely exchanged and discussed with participants in the crypto market. In late March, Bitcoin Futures Leveraging led to a $ 10 billion open interest wipeout.
Product development is still in the segment. In March, Coinbase announced that it plans to offer 24/7 trading for bitcoin and ether futures among US residents.
Also in March, the Singapore Exchange (SGX), the largest exchange group in Singapore, was reported at Plan to —ebut Bitcoin’s Perpetual Futures in the second half of 2025.
