TechFlow, April 30 — According to Prnewswire, the Chicago Board Options Exchange (Cboe) has officially launched its futures contracts based on the FTSE Bitcoin Index.
The newly introduced XBTF futures contracts are cash-settled and based on the FTSE Bitcoin Divisor Index, eliminating the need for physical delivery of bitcoin upon expiration. The product will be exclusively listed and traded on the Cboe Futures Exchange (CFE), offering market participants tools for bitcoin exposure management and risk hedging.
XBTF futures contracts will settle every last business day of the month. The underlying index, XBTF, was developed jointly by FTSE Russell and Digital Asset Research and represents one-tenth of the value of the FTSE Bitcoin Index. This product marks the latest addition to Cboe's cryptocurrency derivatives ecosystem, complementing existing bitcoin spot ETFs and bitcoin ETF index options.
