Effective on trade date Monday, June 9, 2025, subject to regulatory review, Cboe Digital Exchange, LLC (CDE) will transfer its financially-settled margin futures on Bitcoin (FBT) and on Ether (FET) to Cboe Futures Exchange, LLC (CFE).
After the close of trading at 4:00 p.m. CT on Friday, June 6, 2025, and prior to the opening of trading on CFE at 5:00 p.m. CT on Sunday, June 8, 2025, for trade date June 9, 2025, all open interest in FBT and FET futures positions on CDE will be transferred into equivalent positions in FBT and FET futures on CFE. After the close of trading on June 6, FBT and FET futures will be delisted from CDE and no longer be available for trading on CDE.
Upon the opening of trading on Sunday, June 8, at 5:00 p.m. CT for the June 9 trade date on CFE, FBT and FET futures will be available for trading on CFE.
All transactions in FBT and FET futures will continue to clear through Cboe Clear U.S., LLC (CCUS) following the transfer of FBT and FET futures to CFE.
The trading symbols for financially-settled margin futures on Bitcoin and on Ether migrating from CDE to CFE will remain the same (FBT and FET, respectively) once transferred to CFE.
Contract specifications for FBT and FET futures currently listed on CDE will be materially the same upon their transfer to CFE. All applicable CFE rules will apply to FBT and FET futures once they are listed for trading on CFE. CFE supports all order types currently supported for trading in FBT and FET futures on CDE.
Any Good Till Cancel (GTC) or Good Till Date (GTD) orders pending in FBT and FET futures on CDE at the close of trading on June 6, 2025 will be cancelled in connection with the delisting of FBT and FET futures by CDE after the close of trading on that date. CFE Trading Privilege Holders (TPHs) may submit equivalent orders in FBT and FET futures to CFE on or after trade date June 9, 2025.
Subject to the clearing related requirements below, FBT and FET futures on CFE will be available for trading to all CFE Trading Privilege Holders. Market participants that are not CFE TPHs may utilize a broker that is a CFE TPH or that routes orders to CFE through a CFE TPH to submit orders to CFE in FBT and FET futures.
Transactions in FBT and FET futures on CFE will need to be cleared through a CFE TPH that is a Clearing Member of CCUS. Accordingly, to enter orders and quotes and transact in FBT and FET futures on CFE, a CFE TPH will need to have a CFE clearing guarantee in place with a CFE TPH that is a Clearing Member of CCUS.
CFE will make available to CFE TPHs separate Executing Firm IDs (EFIDs) for transacting in CFE products cleared through CCUS.
Final daily market statistics and open interest for FBT and FET futures listed on CDE for the June 6, 2025 trade date will be published on the CDE website here on the morning of June 9, 2025.
CFE daily market statistics and open interest published here for the June 9, 2025 trade date will contain open interest in FBT and FET futures transferred from CDE as well as any changes to that open interest from transactions in FBT and FET futures on CFE on the June 9 trade date.
