TechFlow, April 8 — According to Coindesk, Cboe Digital, the cryptocurrency division of the Chicago Board Options Exchange (Cboe), announced on Monday its plan to launch a new bitcoin futures product on April 28, pending regulatory approval. The product, developed in partnership with FTSE Russell, will be cash-settled based on the XBTF index (representing one-tenth of the FTSE Bitcoin Index value) and will settle on the last business day of each month. Catherine Clay, head of global derivatives at Cboe, said the launch comes amid growing market demand for crypto exposure, as investors increasingly seek more capital-efficient and versatile ways to gain and manage such exposure. Notably, Cboe became the first regulated U.S. exchange approved by the CFTC in November 2023 to offer both spot and leveraged derivatives trading.
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