Overview
- Cboe plans to list Bitcoin Continuous Futures (PBT) and Ethereum Continuous Futures on the Cboe Futures Exchange on December 15, pending regulatory approval.
- Each contract features a 10-year expiration with a daily cash adjustment that maintains continuous exposure without manual rollovers.
- Real-time pricing from Kaiko and a daily funding amount are designed to keep futures closely aligned with the spot market.
- The products will be cash-settled and cleared through Cboe Clear U.S., which is intended to reduce counterparty risk.
- Margin will follow CFTC rules with potential offsets against CFE’s financially settled bitcoin (FBT) and ether (FET) futures, following a previously delayed November target.