PANews reported on April 30 that according to PR Newswire, the Chicago Board Options Exchange (CBOE) announced that it has begun offering trading in its new Cboe FTSE Bitcoin Index Futures. These are new cash-settled futures contracts based on the FTSE Bitcoin Diminished Index (code: XBTF). XBTF futures contracts are only available on Cboe Futures Exchange and are expected to provide market participants with another versatile tool to express their views on Bitcoin or manage risk. XBTF futures are cash-settled contracts, meaning that positions are closed in cash at expiration, eliminating the complexity of physically delivering Bitcoin.
XBTF futures settle at 12:00 PM on the last business day of each month. They are based on the XBTF Index, developed by FTSE Russell in partnership with Digital Asset Research, which represents one-tenth of the value of the FTSE Bitcoin Index.
