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What’s Cooking at Cboe?
The Chicago Board Options Exchange (Cboe) just announced a new Bitcoin futures product — and it’s dropping April 28, pending regulatory approval. This new product? The FTSE Bitcoin Index Futures.
Translation: It’s another way for traders to bet on Bitcoin — without actually owning any Bitcoin.
How Will It Work?
These new futures are cash-settled. That means no Bitcoin changing hands — just dollars. The futures will track one-tenth of the FTSE Bitcoin Index value, and they’ll settle on the last business day of every month.
It’s also Cboe’s first product from its new partnership with FTSE Russell, part of the London Stock Exchange Group.
Why Now?
Demand for crypto exposure is booming, especially from institutional players who prefer regulated environments. Catherine Clay, Cboe’s global head of derivatives, said this launch offers traders a more “capital-efficient” way to manage their crypto exposure.
Basically — less risk, more flexibility, fewer headaches.
Cboe Loves Its Crypto Toys
This isn’t Cboe’s first crypto rodeo. They launched Bitcoin futures way back in 2017. They’ve also recently rolled out Bitcoin ETF index options and even announced plans for 24-hour trading on weekdays.
Looks like Cboe wants a piece of the crypto pie — and maybe a second helping.
