Summary
- CBOE Digital announced plans to launch a new Bitcoin futures product.
- The product will track one-tenth of the FTSE Bitcoin Index and will be settled on the last business day of each month.
- Catherine Clay stated that the launch of this product is in response to the increased demand for cryptocurrencies from investors.
The U.S. Chicago Board Options Exchange (CBOE) subsidiary cryptocurrency trading platform CBOE Digital plans to launch a new Bitcoin (BTC) futures product.
According to CoinDesk on the 8th (local time), CBOE Digital plans to launch a new Bitcoin futures product in collaboration with FTSE Russell. The futures product will be based on the 'XBTF Index', which tracks one-tenth of FTSE Russell's 'FTSE Bitcoin Index', and will be settled on the last business day of each month. If the regulatory authorities approve the product, trading will begin on the 28th (local time).
Catherine Clay, head of CBOE derivatives, said, "The launch of this new Bitcoin product is due to the continued increase in demand for cryptocurrencies," adding, "Investors want to invest in cryptocurrencies in a more efficient and diverse way."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
