Cboe Global Markets plans to launch a new Bitcoin futures product on April 28, 2025. The product is called Cboe FTSE Bitcoin Index Futures. It will trade on the Cboe Futures Exchange, pending final regulatory approval. This move adds to Cboe’s growing digital asset offerings.
The new futures will derive their value from the FTSE Bitcoin Reduced Value Index, which captures one-tenth of the full FTSE Bitcoin Index. They will settle in cash on the last business day of each month. They will provide traders with new means of managing the movement in the price of Bitcoins.
Traders can also use the product alongside existing Cboe Bitcoin U.S. ETF Index options, which Cboe launched earlier and have steadily gained interest. Cboe hopes that market participants will use both products together or individually in forming strategies that best fit their risk profile and objectives.
Bitcoin index developed with FTSE Russell
Clearing of the XBTF futures will be done via the OCC, which also clears Cboe’s Bitcoin ETF index options. It will ensure consistency and reliability across all the associated products. The futures are likely to be attractive to professional traders, institutions, and companies seeking greater control over exposure to cryptocurrency.
The company is launching these products alongside FTSE Russell, a firm renowned for its financial indexing skills. The FTSE Bitcoin Index is the result of a system that screens exchanges and digital assets by strict criteria. It assists in providing a more reliable perspective of the market.
The index provides transparency and reliability to those that use it to gauge investment risk. Cboe lists nearly all the U.S.-based spot Bitcoin and Ether ETFs. It introduced cash-settled Bitcoin ETF index options in November, which are available in both regular and mini size.
Growing demand for regulated crypto access
These instruments enable investors to reduce risk exposure yet still tap the cryptocurrency market. Bringing enhancements to this trend, XBTF futures further expand options available to the user.
The cryptocurrency market keeps growing. More investors seek regulated products to manage digital assets. Cboe anticipates that demand will keep growing, especially among institutions.
The new Bitcoin futures represent Cboe’s vision of leading the change toward organized and efficient cryptocurrency trading. XBTF offers traders yet another means of reacting to market conditions, hedging investments, or positioning for direction.
This launch is a result of the increasing relevance of digital assets in modern finance. It is one of the steps in bridging traditional markets to the world of cryptocurrency.
