Cboe set to launch new FTSE Bitcoin futures product in April

Cboe will launch FTSE Bitcoin Index futures on April 28, offering a new cash-settled product linked to VanEck’s XBTF ETF, pending regulatory approval.

The Chicago Board Options Exchange (Cboe) has announced the launch of a new Bitcoin futures derivative product.

According to an April 7 announcement, Cboe plans to launch the FTSE Bitcoin Index futures on April 28, which is based on the VanEck Bitcoin Strategy ETF (XBTF), if approved by regulators.

The new product will be cash-settled, and like XBTF, it will represent one-tenth of the value of the FTSE Bitcoin Index. The futures will settle on the last business day of each month.

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