Eurex supported by Deutsche Boerse expands crypto derivatives offering with inclusion of Ethereum
Eurex, a derivatives exchange based in Germany, has announced its plans to expand its portfolio by listing futures and options index based on Ethereum. This decision comes in response to the increasing demand for trading and hedging from institutional and professional customers. The new product, called FTSE Ethereum Index Futures and Options, is scheduled to be launched on August 12th. This follows the introduction of FTSE Bitcoin Index Futures and Options in 2023. The listed options and futures will be available in both EUR and USD, and each contract will represent 10 ETH. The contracts will be cash-settled and will expire on the last Friday of each month. Developed by FTSE Russell in collaboration with Digital Asset Research, the index will aggregate data from trusted assets and exchanges to comply with EU Benchmarks. The final settlement rate for the contracts will be determined using a volume time-weighted average of the FTSE DAR Digital Asset Price over a 15-minute period prior to the fixing time. This announcement comes amidst reports suggesting that the U.S. Securities and Exchange Commission is preparing to approve spot Ethereum exchange-traded funds (ETFs) for trading on American markets. It is projected that these ETFs could attract inflows of up to $5 billion in the first six months and potentially reach $20 billion within the first year. In related news, Deutsche Boerse has recently launched a spot crypto platform for institutions.
