Cboe will collaborate with FTSE Russell to launch new Bitcoin futures.

On April 8, Cboe Digital, the cryptocurrency arm of the Chicago Board Options Exchange (Cboe), announced on Monday that it plans to launch a new Bitcoin futures product on April 28 and is currently awaiting regulatory approval, according to Coindesk. The product will be based on the XBTF Index (representing 1/10th of the value of the FTSE Bitcoin Index) in partnership with FTSE Russell, and will be settled on the last business day of each month. Catherine Clay, Global Head of Derivatives at CBOE, said the launch comes at a time when demand for crypto exposure continues to grow, with investors increasingly looking for more capital-efficient and versatile ways to acquire and manage crypto exposure. Notably, in November 2023, Cboe became the first U.S.-regulated exchange to be approved by the CFTC to offer both spot and leveraged derivatives trading.