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Bitcoin Futures : where, what & how they work - The Cboe Bitcoin Futures Contract uses the ticker XBT and will equal one bitcoin. - The CME Bitcoin Futures Contract will use the ticker BTC and will equal five bitcoins. - Cash Settled in USD : Both Cboe’s and CME’s bitcoin futures contracts will be settled in U.S. dollars, allowing exposure to the bitcoin without actually having to hold any of the cryptocurrency. - Different Settlement mechanism: -Cboe’s contract is priced off of a single auction at 4 p.m. Eastern time (2100 GMT) on the final settlement date on the Gemini cryptocurrency exchange. -CME’s contract will be priced off of the CME Bitcoin Reference Rate, an index that references pricing data from cryptocurrency exchanges, currently made up of Bitstamp, GDAX, itBit and Kraken. === > 4 days ago: https://www.reuters.com/article/us-bitcoin-futures-contracts-factbox/factbox-cboe-cme-to-launch-bitcoin-futures-contracts-idUSKBN1E10J8?il=0 === Hmm. Both contracts seem open to manipulation, and especially the CBOE with a settlement based off a single exchange . Another point is that they are likely to settle at different prices, maybe very different prices depending on the quirks of the exchanges ===== (In Edit) DATA suggests a Two Months Cycle in Bitcoins Prices A Two-month Cycle in BTC? Old ... 12mo / all data: 8yr: // Serenity Exch : Update-5mo : 2-mo : 1-mo : 25 10 5d 2d : (below was updated to early 1/14/2018): ==