Bitcoin Updates: Institutions Access Crypto Without Rollover Hassles Through Cboe’s Latest Futures

Cboe Global Markets, Inc. (CBOE) is preparing to shake up the crypto derivatives sector with the introduction of its

and Continuous Futures on December 15, providing U.S.-regulated, perpetual-style digital asset exposure. These new contracts are structured to remove the need for regular rollovers, will be available for trading 23 hours a day, five days a week, and will be centrally cleared by Cboe Clear U.S., a clearinghouse overseen by the CFTC . This launch positions Cboe as a significant contender in a fast-changing industry where institutional demand for robust crypto products is rapidly increasing.

The Continuous Futures, named Cboe Bitcoin Continuous Futures (PBT) and Cboe Ether Continuous Futures (PET), come with a 10-year expiry at the time of listing and feature daily cash adjustments to keep prices in line with their underlying assets

. Unlike standard futures, these contracts will not expire, instead remaining open with daily adjustments to prevent price drift. "Cboe's Continuous Futures are structured to provide efficient and simplified risk and portfolio management," stated Rob Hocking, Cboe's Global Head of Derivatives . The contracts will rely on Cboe Kaiko Real-Time Rates for pricing, in a sector often criticized for its fragmented nature.

This rollout is in step with broader shifts in the industry.

to introduce perpetual futures as they vie with offshore platforms. Cboe's new offering in regulated options for institutional investors seeking sustained crypto exposure without the hassle of rolling contracts. Anne-Claire Maurice from Kaiko, the data provider for these contracts, commented that the product "removes the operational burden of rolling contracts while preserving the transparency and oversight of regulated markets" .

To encourage participation, Cboe's Options Institute will conduct educational events on December 17, 2025, and January 13, 2026, focusing on contract structure and practical applications

. These initiatives highlight the exchange's dedication to making complex derivatives more accessible to a broader audience. Additionally, the contracts’ ability to be cross-margined with Cboe’s existing Financially Settled Bitcoin (FBT) and Ether (FET) futures for market participants.

This development signals a strategic shift for Cboe in a highly competitive environment. While the company

business to streamline costs, it is intensifying its focus on crypto derivatives innovation. This comes after a year marked by record ETF inflows, largely fueled by investors moving from active mutual funds to ETF structures . Experts suggest that Cboe’s emphasis on regulated and transparent products could set it apart in a market still facing volatility and regulatory challenges.