Cboe expands crypto offerings with new Bitcoin futures product

Cboe Digital, the cryptocurrency arm of the Chicago Board Options Exchange, has announced its intention to launch a new Bitcoin futures product on April 28, 2025, pending regulatory approval.
The move represents another step in expanding regulated crypto trading options for institutional investors, Coindesk reported.
Key takeaways
- Launch date: April 28, pending regulatory clearance.
- Index base: XBTF Index, reflecting 1/10th the FTSE Bitcoin Index’s value.
- Settlement type: Cash-settled; monthly expiration.
- Target users: Institutional investors seeking regulated futures exposure.
Expanding regulated crypto offerings
The new product, developed in partnership with FTSE Russell, will be cash-settled and based on the XBTF Index, which tracks 1/10th the value of the FTSE Bitcoin Index. Contracts will settle on the last business day of each month, offering a standardized and capital-efficient tool for crypto exposure.
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"This launch comes at a pivotal time as demand for crypto exposure continues to grow," said Catherine Clay, Global Head of Derivatives at Cboe. She noted the market's increasing interest in capital-efficient and versatile financial tools amid broader adoption of digital assets.
Futures contracts, a key component of derivatives markets, allow traders to hedge against price fluctuations and manage risk. With this launch, Cboe continues its push to solidify its position as a leader in regulated digital asset derivatives.
Cboe sales report. Source: Zacks.research
A growing patform
Cboe made history in November 2023 by becoming the first U.S. regulated exchange to offer both spot and leveraged crypto derivatives on one platform after receiving CFTC approval. The upcoming Bitcoin futures product builds on that foundation, aiming to attract institutional capital seeking compliance, transparency, and efficiency.
We've reported previously Cboe BZX seeks SEC approval for Ethereum staking in Franklin ETF.