Bitcoins <\/p>\n
Updated Apr 9, 2025, 10:00\u202fp.m. <\/span>Published Apr 8, 2025, 7:35\u202fa.m. <\/span><\/p>\n<\/div>\n Cboe Futures Exchange, the crypto arm of the Chicago Board of Options Exchange, is hoping to roll out a new bitcoin (BTC) futures product later this month if approved by regulators, the exchange said<\/a> on Monday.<\/p>\n The new trading vehicle, in partnership with FTSE Russell, will be cash-settled and based on the XBTF Index, which represents 1\/10th the value of the FTSE Bitcoin Index. It will settle on the last business day of each month.<\/p>\n If regulators approve Cboe\u2019s application, the futures would begin trading on April 28, it said.<\/p>\n Futures are a type of derivatives where the buyer and seller agree to trade an asset at a fixed price and date in the future. They are a popular vehicle to hedge and manage risk and capitalize on trends and market behavior.<\/p>\n “This launch comes at a pivotal time as demand for crypto exposure continues to grow and market participants are increasingly seeking more capital-efficient and versatile ways to gain and manage that exposure,\u201d said Catherine Clay, Global Head of Derivatives at Cboe, in a statement.<\/p>\n In November 2023, Cboe became the first U.S. regulated exchange to offer both spot and leveraged derivatives trading on a single platform after it received approval<\/a> from the CFTC to list margined bitcoin and ether (ETH) futures.<\/p>\n UPDATE (April 9, 21:59 UTC): Corrects to reflect that Cboe Futures Exchange is rolling out the product, not Cboe Digital.<\/em><\/strong><\/p>\n<\/div>\n