Physically Settled Bitcoin
Physically Settled Ether
Cboe Digital’s physically delivered futures contracts are the next step in building out our intermediary-friendly model for digital assets. Traded at and cleared through our CFTC regulated Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), our futures contracts trade alongside our spot market on an innovative and unified platform bringing price transparency and collateral efficiency.
| Description | A fully funded physically settled futures contract for Bitcoin |
|---|---|
| Contract Symbol | BTC |
| Contract Size | 0.1 Bitcoin |
| Price Quotation | USD per 1 Bitcoin |
| Minimum Price Increment | $ 1.00 per Bitcoin ($0.10 per contract) Block Trades can be negotiated in $0.01 increments |
| Minimum Block Size | 10 Contracts |
| Listed Contracts | Quarterly contracts |
| Settlement | Physical Delivery |
| Trading Hours | Current hours |
| Daily Closing Time | 16:00 (CT) |
| Last Trading Day/Time | 10:00 (CT) Last Friday* of the contract month
* Preceding business day if day falls on a non-business day |
| Position Limit | 200,000 Contracts |
| Large Trader Reporting | 50 Contracts |
| Collateral Withheld | Buyer USD: No. of Contracts * Contract Size * Trade Price
Seller BTC: No. of Contracts * Contract Size |
| Description | A fully funded physically settled futures contract for the Ether |
|---|---|
| Contract Symbol | ETH |
| Contract Size | 1 Ether |
| Price Quotation | USD per 1 Ether |
| Minimum Price Increment | $ 0.10 per Ether ($0.10 per contract) Block Trades can be negotiated in $0.01 increments |
| Minimum Block Size | 50 Contracts |
| Listed Contracts | Quarterly contracts |
| Settlement | Physical Delivery |
| Trading Hours | Current hours |
| Daily Closing Time | 16:00 CT |
| Last Trading Day/Time | 10:00 (CT) Last Friday* of the contract month
* Preceding business day if day falls on a non-business day |
| Position Limit | 75,000 Contracts |
| Large Trader Reporting | 25 Contracts |
| Collateral Withheld | Buyer USD: No. of Contracts * Contract Size * Trade Price
Seller ETH: No. of Contracts * Contract Size |
| Description | A fully funded physically settled futures contract for the Ether Bitcoin Pair |
|---|---|
| Contract Symbol | ETBT |
| Contract Size | 1 Ether |
| Price Quotation | BTC equivalent of 1 ETH |
| Minimum Price Increment | 0.00001 Bitcoin |
| Minimum Block Size | 50 Contracts |
| Listed Contracts | Quarterly contracts |
| Settlement | Physical Delivery |
| Trading Hours | Current hours |
| Daily Close Time | 16:00 CT |
| Last Trading Day/Time | 10:00 (CT) Last Friday* of the contract month
* Preceding business day if day falls on a non-business day |
| Position Limit | 75,000 Contracts |
| Large Trader Reporting | 25 Contracts |
| Collateral Withheld | Buyer BTC: No. of Contracts * Contract Size * Trade Price
Seller ETH: No. of Contracts * Contract Size |
