The Chicago Mercantile Exchange announced the launch of Cboe FTSE Bitcoin Index futures trading

ChainCatcher news, according to a press release, the Chicago Board Options Exchange (CBOE) has announced that it has begun offering its new Cboe FTSE Bitcoin Index futures trading.

These new cash-settled futures contracts are based on the FTSE Bitcoin Index (code: XBTF). XBTF futures contracts are listed exclusively on the 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 they are settled in cash at expiration, eliminating the complexities of physically delivering Bitcoin.

XBTF futures are settled on the last business day afternoon (P.M) of each month. They are based on the XBTF index developed in collaboration between FTSE Russell and Digital Asset Research, which represents one-tenth of the value of the FTSE Bitcoin Index.