CBOE Global Markets Launches New Bitcoin Futures Contracts Called Cboe FTSE Bitcoin Index Futures (XBTF)

Cboe Global Markets (NYSE:CEBI) has launched a new offering: Cboe FTSE Bitcoin Index futures (XBTF) are now available on Cboe Futures Exchange (CFEX). These futures, which are already being covered by Capital Markets in Brief, are the latest addition to Cboe’s expanding portfolio of digital asset market products. Earlier this year, Cboe launched Bitcoin options products (CBTX and MBTX), providing traders with valuable tools to manage bitcoin price movements in a manner suited for simpler trades or more advanced strategies. Like the bitcoin options, the XBTF futures are cleared by Options Clearing Corporation (OCC).

Cboe’s expanding suite of digital asset market products also includes spot bitcoin and ether ETFs, and bitcoin ETF index options. The BTC index futures are cash-settled, eliminating the need to physically deliver bitcoin. XBTF futures will be settled on the last business day of the month in the afternoon.

“As customer demand for crypto-based derivatives continues to rise, Cboe is committed to building a well-rounded ecosystem to help facilitate more efficient, flexible access to bitcoin exposure and risk management,” said Catherine Clay, Global Head of Derivatives at Cboe. “This launch is a key milestone in expanding our competitive offerings and providing investors with the products they need to manage their portfolios effectively.”

“We are pleased to add Cboe’s FTSE Bitcoin Index futures to our extensive coverage of futures and options on major cryptocurrencies,” said Barak Capital. “As demand for stable and efficient markets grows with the increasing levels of institutional participation in digital asset investment, Barak Capital stands prepared to provide optimal levels of liquidity.”

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