Falconx Offers Derivatives Contracts Based on Blackrock’s Bitcoin ETF Index

The post Falconx Offers Derivatives Contracts Based on Blackrock’s Bitcoin ETF Index appeared first on Coinpedia Fintech News

FalconX, a prime brokerage firm, has introduced derivatives contracts based on the same index as BlackRock’s Bitcoin ETF. These products, which include swaps, options, and non-deliverable forwards, aim to foster institutional confidence. They provide exposure fixed against reference rates from regulated crypto index provider CF Benchmarks. The contracts will facilitate exposure to Bitcoin and Ethereum, settling against the CME CF Bitcoin Reference Rate and the CME CF Ether-Dollar Reference Rate, respectively. These contracts align with those targeted in BlackRock’s recently filed US Bitcoin ETF.