Cboe Global Markets has introduced a new Bitcoin index futures product on the Cboe Futures Exchange aiming to expand its growing crypto derivatives lineup. The futures are based on the FTSE Bitcoin Reduced Value Index and are cash-settled offering a simpler route to Bitcoin exposure without handling the digital asset itself.

Set to settle monthly on the last business day XBTF gives investors a fresh tool to gain or hedge Bitcoin exposure in a fully regulated transparent market. Catherine Clay from Cboe emphasized that this launch strengthens their crypto toolkit and responds directly to strong market demand.

The move follows Cboe’s earlier success with cash-settled options on its Bitcoin ETF Index and the December debut of CBTX the first spot Bitcoin ETF index in the US. Alongside Bitcoin products Cboe’s BZX Exchange also hosts spot Ethereum ETFs further cementing its role in digital asset innovation.

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