Cboe launching cash-settled FTSE Bitcoin Index futures based on VanEck Bitcoin Strategy ETF in April

From Cointelegraph

April 8, 2025 10:25 AM:

The Chicago Board Options Exchange (Cboe) is launching a new Bitcoin futures derivative product, the FTSE Bitcoin Index futures, on April 28. The cash-settled product is based on the VanEck Bitcoin Strategy ETF and represents one-tenth of the value of the FTSE Bitcoin Index, settling monthly. This is the result of Cboe’s collaboration with FTSE Russell.

Cboe, a major financial player established in 1973, continues to innovate by introducing new Bitcoin products. Despite the rise of Bitcoin ETFs, Bitcoin futures remain popular, with recent developments including a $10 billion open interest wipeout due to leverage and Coinbase’s plan for 24/7 Bitcoin and Ether futures trading. Singapore Exchange also plans to debut Bitcoin perpetual futures in 2025.

Read more at Cointelegraph: Cboe set to launch new FTSE Bitcoin futures product in April