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Cboe to Launch ‘Continuous’ Bitcoin and Ether Futures in November, Pending Regulatory Review

The long-dated, cash-settled design uses a daily funding rate to mirror spot exposure under CFTC oversight.

Overview

  • The target start date is Nov. 10 on Cboe Futures Exchange, subject to regulatory approval.
  • Cboe’s Continuous futures are single contracts with 10-year expirations to minimize position rolling.
  • Settlement occurs in dollars and positions are adjusted each day through a transparent funding-rate mechanism tied to spot prices.
  • The contracts will clear through Cboe Clear U.S., a CFTC-regulated derivatives clearing organization.
  • Cboe positions the product as a U.S.-regulated alternative to offshore perpetuals for institutional and retail traders, with public education sessions set for Oct. 30 and Nov. 20.