The acceptance and adoption of cryptocurrencies within the global financial ecosystem is on the rise, with more trading participants eager to gain access to digital assets. Cryptocurrencies are becoming more accessible to investors through ETFs, and the next level of financial engineering for this asset class is underway, with the recent launch of multiple derivative instruments.
Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, has recently launched a series of cryptocurrency index options and futures, enhancing the capacity of both individual and institutional investors to access, invest in and manage their cryptocurrency exposure more comprehensively. Currently, Cboe’s product suite includes the Cboe FTSE Bitcoin Index Futures (XBTF), Cboe Bitcoin U.S. ETF Index Options (CBTX), Cboe Mini Bitcoin U.S. ETF Index Options (MBTX), Cboe GBTC ATM BuyWrite Index, Cboe GBTC 20% OTM BuyWrite Index and Financially Settled Bitcoin (FBT) and Ethereum (FET) Futures.
A Look At Each Offering
In bringing these products to market, Cboe leverages its expertise in derivatives as the inventor of listed options trading – while being intentional about how these solutions can provide value for investors. Thus, each offering is designed to be purposeful and effective in helping investors manage their cryptocurrency exposure.
Cboe FTSE Bitcoin Index Futures can efficiently provide investors with exposure to Bitcoin, as the futures contracts are based on the FTSE Bitcoin Reduced Value Index, which represents one-tenth of the value of the FTSE Bitcoin Index. The cash-settled nature of this investment offering is a primary benefit, …