New Cboe Bitcoin Futures (XBTF) Offer More Flexibility for Crypto Traders

To meet the rising demand for crypto derivatives, CBOE Global Markets has launched new Bitcoin futures contracts called Cboe FTSE Bitcoin Index futures (XBTF), now available on its Cboe Futures Exchange. 

This follows CBOE’s earlier launch of Bitcoin options products (CBTX and MBTX), offering a range of tools for managing Bitcoin price swings. These products can be used individually for simpler trades or together for more advanced strategies. The XBTF futures, like the Bitcoin options, are cleared through OCC. 

Cboe Expands Crypto Offerings

Cboe’s growing range of crypto products now includes spot bitcoin ETFs and bitcoin ETF index options, alongside their new bitcoin futures. The BTC index futures are cash-settled, which eliminates the need for physically delivering Bitcoin. These XBTF futures will settle on the last business day of each month in the afternoon.

“As customer demand for crypto-based derivatives continues to rise, Cboe is committed to building a well-rounded ecosystem to help facilitate more efficient, flexible access to bitcoin exposure and risk management,” said Catherine Clay, Global Head of Derivatives at Cboe. 

She added that Cboe’s new Bitcoin futures are an important addition to their crypto offerings, allowing investors to gain exposure to or hedge Bitcoin in a regulated, transparent environment with centralized clearing. 

Cboe is expanding its digital assets by listing U.S. spot bitcoin and ether ETFs. Its new cash-settled Bitcoin options have helped create ETFs that give investors Bitcoin exposure with limited risk.

Barak Capital, a leading market maker, noted the growing demand for stable and efficient markets as digital asset investments become more institutionalized. They are ready to provide liquidity to Cboe’s FTSE Bitcoin Index futures.