What Are Cboe FTSE Bitcoin Index (XBTF) Futures?
Cboe FTSE Bitcoin Index Futures (XBTF) are cash-settled futures contracts tracking the FTSE Bitcoin Reduced Value (1/10th) Index. These contracts reflect bitcoin’s price in USD, settling monthly on the last business day. Key features include:
- P.M. Settlement: Aligns with traditional market close timing.
- Clearing: Planned through OCC (Options Clearing Corporation).
- Complementary Offerings: Part of Cboe’s expanded suite, including Bitcoin ETF Index options (CBTX) and margin futures (FBT/FET).
👉 Discover how XBTF futures enhance bitcoin trading strategies
Key Resources
| Resource | Description |
|----------|-------------|
| Contract Specifications | Detailed terms, tick size, and contract months. |
| FTSE Bitcoin Index Factsheet | Methodology and index performance insights. |
| CFE Rule Book | Governance for trading XBTF futures on Cboe Futures Exchange (CFE). |
👉 Explore regulatory filings for XBTF futures
Migration Updates
- FBT/FET Futures: Transitioning to CFE by June 9, 2025 (pending regulatory approval).
- Clearing: Continues via Cboe Clear U.S. (CCUS).
FAQ Section
Q: How does the XBTF Index differ from the FTSE Bitcoin Index?
A: The XBTF Index is 1/10th the value, designed for finer price granularity.
Q: Are XBTF futures suitable for retail investors?
A: Futures trading carries significant risk; assess financial readiness and consult a professional.
Q: Where can I track FTSE Bitcoin Index data?
A: Use the FTSE Calculation Guide.
Disclaimer
- Subject to regulatory review; details may change.
- Not financial advice. Risks include substantial loss—only invest disposable capital.
- Hypothetical examples ignore real-world costs (taxes, liquidity, etc.).
For full disclosures, visit Cboe’s Risk Statements.
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