CBOE Global Markets is expanding its supply of derivatives based on cryptography with the launch of its new Bitcoin product in the exchange of CBOE futures.
CBOE, a leading provider of trade and investment solutions of derivatives and values, announced trade for your new bitcoin (BTC) Index Futures on Tuesday, April 29.
He COE FTSE BITCOIN INDEX FUTURES It is a cash futures contract based on the reduced value index of FTSE Bitcoin. Its launch is added to the set of digital asset products of the platform, which already includes funds quoted in Bitcoins and Spot exchange Bitcoin ETF options.
As an cash offer, the BTC index futures product eliminates the complexities associated with physical delivery bitcoin. XBTF futures will settle in the afternoon on the last business day of each month.
The demand sees CBOE Bring the new product to offer another way for investors to gain exposure and manage the risk with BTC, said Catherine Clay, global director of CBOE derivatives.
“Our launch of the new CBOE FTSE Bitcoin Index Futures adds a key construction block to our set of cryptographic derivative tools, offering market participants another versatile tool to win and seek exposure to Bitcoins, all within a regulated and transparent market, with centralized cleaning,” Clay added.
XBTF is launched on the back of a strong demand after CBOE introduced cash established options in the CBOE Bitcoin US ETF index.
The company revealed plans For CBTX in November 2024, he jointly revealed the offer in December with CBOE Labs E CBOE Global Indices.
CBTX was the first Bitcoin Spot ETF index in the USA for the US market and offers a modified index weighted in the market capitalization that tracks the performance of an ETF spot BTC basket that appears in the US.
In addition to seeing the Bitcoin ETFs, the CBOE BZX Variable Income Exchange lists spot Ether (Eth) ETFS.
