Cboe, a well-known options exchange, has announced the launch of a new Bitcoin futures derivative product based on the FTSE Bitcoin Index, set to commence trading on April 28, 2025.
Details of New Futures
The new FTSE Bitcoin Index futures will be cash-settled and represent one-tenth of the index’s value, with settlement on the last business day of each month. This launch is a result of Cboe's collaboration with FTSE Russell, a subsidiary of the London Stock Exchange, and aims to complement Cboe’s Bitcoin options offerings.
Cboe's Crypto Product Development
Founded in 1973, Cboe has been actively advancing its cryptocurrency offerings, having launched its first Bitcoin futures contracts back in December 2017. In early February 2025, the exchange announced plans for a 24-hour trading day, further bridging its services with the crypto market.
Bitcoin Futures Remain Relevant
Despite the emergence of Bitcoin ETFs, Bitcoin futures continue to be widely discussed and traded. In March 2025, a $10 billion open interest wipeout occurred within the Bitcoin futures market. Product development in this segment is still ongoing, with platforms like Coinbase and the Singapore Exchange planning to expand their Bitcoin futures offerings.
The new Cboe product represents a significant step forward in the development of the cryptocurrency market, showcasing a sustained interest in Bitcoin futures among traders and investors.
