CBOE Global Markets widens its offer of derivatives based on cryptography with the launch of its new Bitcoin product on the CBOE Futures Exchange.
CBOE, a first provider of trading and titles investment solutions, announced the trade in its new term contracts on the Bitcoin index (BTC) on Tuesday, April 29.
The CBOE FTSE Bitcoin Future Index is a cash contract in cash based on the Reduced Bitcoin FTSE value index. Its launch is added to the suite of digital asset products from the platform, which already includes negotiated funds in Bitcoin exchange and Bitcoin ETF options.
As a cash offer, the BTC index long -term product removes the complexities associated with physically delivered bitcoin. The future XBTF will settle in the afternoon on the last working day of each month.
The demand sees CBO bring the new product to offer investors another way to win an exhibition and manage risks with BTC, said Catherine Clay, a global CBO derivative manager.
“Our launch of the new CBOE FTSE Bitcoin Futures adds a construction element Key to our Crypto derivative toolbox – offering market participants another versatile tool to win and seek to cover exposure to Bitcoin, all in a regulated and transparent market, with a centralized clearing,” added Clay.
XBTF launches on the back of a high demand after CBOE has introduced cash options on the ETF CBOE Bitcoin US index.
The company revealed plans for CBTX in November 2024, revealing the offer jointly in December with CBOE Labs and CBOE Global Indices.
CBTX was the first index of the American Bitcoin Bitcoin FNB for the American market and offers a weighted index by the modified market capitalization which follows the performance of an ETF BTC Spot basket in the United States. The index fund is closely correlated at the price of Bitcoin.
In addition to Bitcoin ETF spot, CBOE ETF BZX lists the Ether (ETH) Spot ETF.
