Cboe Plans New Bitcoin Futures Launch Pending Regulatory Approval

Cboe Digital plans to launch a new bitcoin futures product pending regulatory approval, aiming for an April 28 debut.

The product is in partnership with FTSE Russell
It will be cash-settled and based on the XBTF Index, representing 1/10th of the FTSE Bitcoin Index
Settlement occurs on the last business day of each month
Futures help manage risk and capitalize on market trends
Cboe became the first U.S. regulated exchange to offer both spot and leveraged derivatives trading in November 2023