Cboe Global Markets (NYSE:CBOE), a leading global exchange and derivatives network, has announced the upcoming launch of its Cboe FTSE Bitcoin futures. Set to debut on May 28, 2025, pending regulatory approval, this new futures contract will be based on the FTSE Bitcoin Reduced Value index, which represents one-tenth of the FTSE Bitcoin index value.
This initiative marks the first product to emerge from a collaboration between Cboe and FTSE Russell, aimed at driving innovation within the digital asset market. Cboe's new XBTF Bitcoin futures contract is designed to complement the recently launched options on the Cboe Bitcoin U.S. ETF, with ticker symbols CBTX and MBTX. These developments reflect Cboe's ongoing commitment to providing comprehensive trading solutions for participants in the cryptocurrency space.
Catherine Clay, head of global derivatives solutions at Cboe, expressed excitement about this new offering, stating, "We are thrilled to expand our partnership with FTSE Russell to help the digital asset market grow through ongoing innovation. This launch comes at a pivotal time as demand for access to crypto continues to rise, and market participants seek more efficient and diverse ways to gain and manage that access." Clay noted that many of Cboe's clients are already utilizing their entire suite of Bitcoin products, which includes the recently listed spot Bitcoin ETF.
The XBTF futures will be cash-settled and traded during Chicago P.M. hours on the Cboe Futures Exchange, LLC (CFE). This contract is expected to provide market participants with a useful tool for managing Bitcoin volatility, either on its own or in conjunction with existing products to execute more complex trading strategies.
Shawn Creighton, director of index solutions at FTSE Russell, highlighted the significance of this collaboration, stating, "We are pleased to work with Cboe to expand the Bitcoin product ecosystem by introducing futures based on the FTSE Bitcoin index. We have established industry standards for digital asset evaluation and integration into exchange markets, and our rigorous assessment and tracking processes are designed to ensure that our indices reflect the investable digital asset market."
Cboe has been expanding its digital asset offerings in recent years, providing a variety of products to give customers more flexibility and choice. The exchange has recently listed the majority of U.S. spot Bitcoin and Ether ETFs on its Cboe BZX Exchange. Additionally, Cboe has launched the first cash-settled index options related to the price of spot Bitcoin, featuring both standard and mini contracts. This innovation has spurred a wave of new ETFs listed on Cboe, utilizing these options to help investors access Bitcoin with limited risk.
Moreover, Cboe offers Bitcoin and Ether futures with margin offsets through Cboe Clear U.S., LLC, which are currently traded on Cboe Digital Exchange. There are plans to transition these products to CFE in the second half of 2025, pending regulatory review.
In summary, Cboe Global Markets is poised to enhance its footprint in the digital asset trading landscape with the introduction of the Cboe FTSE Bitcoin futures contract. As the cryptocurrency market continues to evolve, Cboe's innovative products aim to meet the growing demand for sophisticated trading solutions.
For more details about the new Cboe FTSE Bitcoin index futures, interested parties can visit Cboe's resource center prior to the launch date.
About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE) is a leading global exchange and derivatives network that offers advanced trading, pricing, and investment solutions to people worldwide. Cboe provides trading solutions and products across multiple asset classes including equities, derivatives, and FX throughout North America, Europe, and Asia-Pacific. Above all, we are committed to building a trusted and inclusive global marketplace that enables people to pursue a sustainable financial future. Learn more about the Exchange for the World Stage at www.cboe.com.
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Trading in futures and options on futures may not be suitable for all market participants and involves the risk of loss, which may be substantial and may exceed the amount deposited for futures or options positions. Therefore, you should carefully consider whether trading in futures and options on futures is suitable for you in light of your financial situation and resources. You should only risk capital that you can afford to lose without affecting your lifestyle.
For additional information regarding the risks associated with trading futures and options on futures and securities futures, please see the Risk Disclosure Statement Referenced in CFTC Letter 16-82 and the Risk Disclosure Statement for Security Futures Contracts. Certain risks associated with options, futures, and options on futures and disclosures related to the information provided regarding these products are also highlighted at https://www.cboe.com/us_disclaimers.
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