- The Cboe FTSE Bitcoin Index Futures are set to launch on April 28, 2025, pending regulatory approval.
- These cash-settled futures are designed to complement Cboe’s options for the Bitcoin U.S. ETF Index.
- The expansion of Cboe’s bitcoin product lineup is anticipated to provide traders with enhanced choice, flexibility, and capital efficiency.
CHICAGO, April 7, 2025 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the top derivatives and securities exchange network globally, has announced intentions to launch Cboe FTSE Bitcoin Index futures. These futures, based on the FTSE Bitcoin Reduced Value (1/10th) (Ticker: XBTF) Index, are projected to commence trading on Cboe Futures Exchange, LLC (CFE) as of April 28, 2025, pending regulatory review. This initiative marks the inaugural product release stemming from Cboe’s recent collaboration with FTSE Russell, aimed at fostering innovation in the digital assets industry.
The forthcoming XBTF futures build upon Cboe’s expanding range of bitcoin derivative products, complementing its newly launched options on the Cboe Bitcoin U.S. ETF Index1 (Tickers: CBTX, MBTX). With both cash-settled futures and securities options available based on bitcoin, Cboe seeks to provide market participants with a more holistic range of products for trading and hedging strategies associated with bitcoin. Each offering is expected to serve as a valuable tool for managing bitcoin volatility individually, or together as part of more complex trading tactics. Cboe also plans to clear XBTF futures through OCC, which currently clears CBTX and MBTX options.
“We are thrilled to enhance our partnership with FTSE Russell to further advance digital asset markets through sustained innovation,” stated Catherine Clay, Cboe’s Global Head of Derivatives. “This launch is timely, given the rising appetite for crypto exposure, with market participants increasingly looking for more capital-efficient and adaptable ways to obtain and manage that exposure. Many of our clients are already leveraging Cboe’s extensive range of bitcoin offerings – from U.S. spot bitcoin ETFs listed on Cboe’s equities exchange to our cash-settled Bitcoin ETF index options and defined-outcome ETFs that include these options. These new futures will be the latest component in evolving our bitcoin product ecosystem, delivering even more resources for traders navigating the digital assets market.”
XBTF futures will be cash-settled contracts, settling in the afternoon (P.M.) on the last business day of each month. They will be tied to the XBTF Index – created by FTSE Russell in partnership with Digital Asset Research – reflecting 1/10th the value of the FTSE Bitcoin Index.
Shawn Creighton, Director of Index Derivatives Solutions at FTSE Russell, stated: “We are excited to collaborate with Cboe on expanding its bitcoin product range with the launch of futures based on the FTSE Bitcoin Index. We have established an industry benchmark for evaluating underlying digital assets and exchange inclusion, ensuring our indices accurately reflect the investable digital assets market through a stringent vetting and monitoring process.”
In recent years, Cboe has broadened its digital asset offerings, providing a diverse portfolio to enhance customer flexibility and choice. Cboe lists almost all U.S. spot bitcoin and ether ETFs on its Cboe BZX Equities Exchange. The firm has also introduced the market’s first cash-settled index options linked to the price of spot bitcoin, available in both standard and mini contracts. This innovation has spurred a new wave of ETF listings on Cboe, incorporating these options to offer investors capped-risk exposure to Bitcoin. Furthermore, Cboe provides margined bitcoin and ether futures cleared through Cboe Clear U.S., LLC, which are currently traded on Cboe Digital Exchange and scheduled to migrate to CFE in the second quarter of 2025, subject to regulatory review.
For additional details on the forthcoming Cboe FTSE Bitcoin Index futures, please visit the pre-launch resource hub.
About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE) is the world’s premier derivatives and securities exchange network, providing innovative trading, clearing, and investment solutions to a global audience. Cboe offers trading solutions and products across various asset classes including equities, derivatives, and FX throughout North America, Europe, and Asia Pacific. Our commitment is to foster a trusted, inclusive global marketplace that empowers individuals to pursue a sustainable financial future. For more information about the Exchange for the World Stage, visit www.cboe.com.
CBOE-C
CBOE-OE
Cboe®, CFE®, and Cboe Global Markets® are registered trademarks and Cboe Futures ExchangeSM is a service mark of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.
Trading in futures and options on futures may not be suitable for all market participants and comes with substantial risks, including the potential to exceed the initial capital invested. As such, you should carefully assess whether engaging with futures and options on futures aligns with your financial situation. Only invest funds you can afford to lose without affecting your lifestyle. Additional risk disclosures regarding trading futures and options can be found in the Risk Disclosure Statement Referenced in CFTC Letter 16-82 and the Risk Disclosure Statement for Security Futures Contracts. More information about risks associated with options, futures, and options on futures can also be located at https://www.cboe.com/us disclaimers.
Cboe Global Markets, Inc. and its affiliates do not endorse or guarantee any potential benefits from any securities, futures, digital assets, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with any third parties mentioned in this press release. Investors are advised to conduct their own due diligence regarding their securities, futures, digital assets, and investment practices. This press release represents information as of the date issued. Cboe Global Markets, Inc. reserves the right to amend the information herein without obligation to do so.
This announcement should not be construed as a solicitation to purchase or an offer to sell any securities, futures, or digital assets where such offer or solicitation would be illegal under local laws. This communication does not constitute tax, legal, or investment advice. Investors should seek counsel from their tax advisor or legal counsel regarding their specific situations.
Cboe Global Markets, Inc. and its affiliates do not provide any express or implied warranties, including but not limited to any assurances of merchantability, fitness for a particular purpose, or the accuracy and timeliness of the results obtained by recipients from the products and services discussed herein. Moreover, Cboe Global Markets, Inc. and its affiliates are not liable for any inaccuracies or errors associated with any of the indices referenced herein and have not participated in the determination of the constituents or weightings of any third-party indices mentioned in this release.
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements can be identified by terms like “may,” “might,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” and the negation of these terms. All statements reflecting our expectations, assumptions, or forward-looking projections, apart from historical facts, are forward-looking statements. Such forward-looking statements, which involve known and unknown risks, uncertainties, and assumptions, may encompass our anticipated financial performance based on growth strategies and expected trends in our business. These statements represent mere predictions based on current expectations and projections regarding future events. Significant factors could cause actual outcomes, levels of activity, performance, or achievements to vary materially from those expressed or implied by the forward-looking statements.
We function in a highly competitive and rapidly evolving environment. New risks and uncertainties might emerge from time to time; it is impractical to predict all such risks and uncertainties or evaluate their impacts on our business. Some factors that may lead to actual results differing include the loss of exclusive rights to list and trade specific index options and futures products; economic, political, and market conditions; adherence to regulatory obligations; pricing competition and consolidation within our industry; declines in trading or clearing volumes, market data fees, or changes in trading product mixes; legislative or regulatory modifications, including tax alterations; our ability to safeguard our systems and communication networks from breaches; recruitment and retention of skilled management and personnel; augmented competition from domestic and foreign entities; reliance on third parties and exposure to risks connected with them; factors affecting the reliability and integrity of our indices; our capacity to manage global operations, growth, strategic acquisitions, or partnerships; our ability to conduct business without infringing on intellectual property rights, including related costs; and our ability to mitigate various operational risks associated with our clearinghouses. For detailed information on factors that may cause actual results to deviate, refer to our filings with the SEC, including our Annual Report on Form 10-K for the year ending December 31, 2024 and other filings made periodically.
We do not commit to update any forward-looking statements developed from new information, future events, or other factors, except as required by law. Readers are urged not to place undue reliance on these forward-looking statements, which are only valid as of the date mentioned.
1 Listed for trading on Cboe Options Exchange
SOURCE Cboe Global Markets, Inc.
