According to PANews, Cboe Digital, the cryptocurrency division of the Chicago Board Options Exchange (Cboe), has announced plans to introduce a new Bitcoin futures product on April 28, pending regulatory approval. This initiative is in collaboration with FTSE Russell, and the futures product will be settled on the last business day of each month. The contract will be cash-settled and based on the XBTF index, which represents one-tenth of the value of the FTSE Bitcoin Index.