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Gain exposure to the world's leading cryptocurrencies without the complexity of owning the underlying digital asset. Financially Settled Bitcoin (FBT) and Ethereum (FET) Futures are CFTC-regulated, cash-settled futures contracts offered for trading on Cboe Futures Exchange, LLC (CFE). Market participants may be able to use FBT and FET futures for price speculation, hedging, and risk management.
| Product | Financially Settled Bitcoin Futures | Financially Settled Ether Futures | |
|---|---|---|---|
| Contract Symbol | FBT | FET | |
| Contract Size | 0.10 bitcoin | 1 ether | |
| Price Quotation | USD per 1 bitcoin | USD per 1 ether | |
| Minimum Price Increment | $ 1.00 ($0.10 per contract) | $ 0.10 ($0.10 per contract) | |
| Settlement | Financially-settled. The final settlement value of an expiring FBT or FET futures contract shall be the value of the applicable Cboe Kaiko Rate Index, as determined by Kaiko, at 10:00 a.m. CT on the final settlement date of that FET or FBT futures contract. | ||
| Trading Hours (all times are CT) | Extended (Monday-Friday): 5:00 p.m. (previous day) to 8:30 a.m. Regular (Monday-Friday): 8:30 a.m. to 3:00 p.m. Extended (Monday-Friday): 3:00 p.m. to 4:00 p.m. | ||
| View full contract specifications | Download FBT Specifications | Download FET Specifications | |
Cboe has worked with Kaiko, a leading provider of crypto data and crypto indices, to provide reference rates for FBT and FET futures.
The Cboe Kaiko that underlie FBT and FET futures rates are calculated hourly. Each rate takes into account one hour of executed trade data from a vetted list of digital asset exchanges. For more information on the Cboe Kaiko Rates please visit the Kaiko website.
| Contract | Symbol Rate | Kaiko Symbol | ISIN |
|---|---|---|---|
| FBT | Cboe Kaiko Bitcoin Rate | Cboe-KAIKO_BTCUSD | FR001400LY68 |
| FET | Cboe Kaiko Ether Rate | Cboe-KAIKO_ETHUSD | FR001400LY50 |
