Cboe Global Markets is gearing up to introduce a new Bitcoin futures product the Cboe FTSE Bitcoin Index Futures slated for trading start on April 28 pending regulatory nods. The new futures contract will be based on the FTSE Bitcoin Index and is designed as a cash-settled offering reduced to a tenth of Bitcoin’s value enabling finer control over Bitcoin exposure without direct ownership.

Trading under the ticker XBTF the product will settle transactions on the last business day each month. Aimed at enhancing traders’ arsenal the futures complement Cboe’s recent Bitcoin ETF options providing a diversified toolkit for navigating the cryptocurrency markets. Catherine Clay Cboe’s global head of derivatives praised the new product as a significant addition enhancing trading flexibility amidst rising crypto demand.

The FTSE Bitcoin Index developed by FTSE Russell and Digital Asset Research ensures accurate Bitcoin price tracking by employing stringent criteria for exchange and data inclusion. This strategic expansion in Cboe’s digital asset offerings marks a continued commitment to providing advanced trading tools capturing the burgeoning interest in cryptocurrency investments.

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Teucrium Investment Advisors LLC is set to revolutionize the cryptocurrency investment landscape with the launch of the first-ever leveraged XRP ETF in the United States. Approved by the Securities and Exchange Commission the Teucrium 2x Long Daily XRP ETF will start trading on NYSE Arca under the ticker XXRP this Tuesday.

The ETF aims to deliver twice the daily return of XRP by utilizing swap agreements and will vary in performance based on the cryptocurrency’s daily price movements. With a management fee of 1.89% this product is tailored for short-term active investors who are bullish on XRP’s prospects. Indices and ETPs in Europe will serve as benchmarks to set the swap prices given the absence of a spot XRP ETF in the U.S.

The debut of this leveraged ETF follows Teucrium’s history with crypto funds including a Bitcoin futures ETF launched last year and plans for a 2x Short Daily XRP ETF. This introduction signifies a growing acceptance and regulatory clarity for cryptocurrency ETFs in the market highlighted by the recent $50 million settlement between Ripple Labs and the SEC resolving their legal disputes.

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Last month, the Treasury lifted sanctions on Tornado Cash. In response, many rekindled their calls for the Trump administration to drop the charges against Keonne Rodriguez and William Lonergan Hill, the developers of Samourai Wallet who are currently being prosecuted in the Southern District of New York.

What many appear to have missed is that the Treasury’s sanctions reversal for Tornado Cash also revealed the Treasury’s stance on privacy services. And it isn’t looking good.

Tornado Cash’s removal from OFAC’s SDN list followed a lawsuit by Tornado Cash users in a Texas District Court case that has become known as Van Loon v. US Department of the Treasury, in which it was…

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