Cboe is set to launch FTSE Bitcoin Index futures on April 28, contingent on regulatory approval. This new product will be cash-settled and linked to VanEck's XBTF ETF, reflecting one-tenth of the FTSE Bitcoin Index's value. The futures contracts will settle on the last business day of each month and mark the first result of Cboe's collaboration with FTSE Russell. Catherine Clay, Cboe’s global head of derivatives, noted that this launch occurs at a crucial moment, given the increasing demand for efficient and varied options for crypto exposure. Despite the rise of Bitcoin ETFs, Bitcoin futures continue to see significant trading activity. Cboe has a long history in the crypto space, having launched its first Bitcoin futures in December 2017, and continues to innovate by merging traditional financial markets with cryptocurrency.

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