Ethereum
Deutsche Boerse-backed Eurex adds Ethereum support to its crypto derivatives list
German derivatives exchange Eurex has announced the expansion of its portfolio, listing the Ethereum-based futures and options index.
Eurex Exchange, a German derivatives exchange known for trading derivatives based in Europe, announced the listing of Ethereum– index-based products, citing “significant demand for trading and hedging from institutional and professional clients.”
In an announcement on Thursday, the Deutsche Börse-backed derivatives exchange revealed that its new product, FTSE Ethereum Index Futures and Options, is set to launch on August 12, following the introduction of FTSE Bitcoin Index Futures and Options in 2023.
“There is significant demand for trading and hedging from institutional and professional clients, as evidenced by record trading volumes in derivatives and other investment products.”
Eurex Exchange
The newly listed options and futures contracts will be available in EUR and USD, based on the FTSE Ethereum Index, with each contract representing 10 ETH (roughly $35,000 at the time of publication). The exchange says both contracts will be cash-settled and expire on the last Friday of each month.
Developed by FTSE Russell in collaboration with Digital Asset Research, the index aggregates data from monitored assets and exchanges to align with EU benchmarks, Eurex said, adding that the final settlement rate for contracts will be determined using a “volume-weighted average of the FTSE DAR digital asset price over a 15-minute period prior to the fixing time.”
The list follows reports suggesting that the U.S. Securities and Exchange Commission is set to approve Ethereum spot exchange-traded funds (ETFs) for trading on U.S. markets starting July 23, with projections estimating that such ETFs could attract inflows of up to $5 billion in the first six months and potentially reach $20 billion in the first year.