Solactive AG is launching a new index on bitcoin futures as part of an agreement with CBOE Global Markets, the Germany-based index provider announced Friday.
Chicago-based CBOE began trading bitcoin futures earlier this month.
The Solactive bitcoin front month rolling futures 5D index tracks the performance of bitcoin futures listed on CBOE.
The new index, which can be used to gain exposure to the bitcoin, will be available for use in structured products and ETFs, Solactive says in its announcement. The index is published in U.S. dollars.
“The world is becoming more and more digitalized. Technology is affecting all areas of finance, including payment systems, wealth management with robo-advisors, and now currency with the rise of cryptocurrencies,” says Steffen Scheuble, CEO, Solactive, in a statement. “This is unprecedented in the history of capital markets and clearly opens the door to new bitcoin-based investment products.”