On Apr. 7, EUREX Clear issued 020/25 and 028/25 circulars on Bitcoin.
Eurex Clear issued circulars 020/25 and 028/25 on introduction of options on iShares Physical Bitcoin including termination of clearing of equity & equity index derivatives.
Includes termination of clearing with regard to Bitwise Physical Bitcoin ETP.
Clearing Conditions
Circular 020/25 sets out information with respect to its service and offering and corresponding amendments to clearing conditions and price list of Eurex Clear.
In relation to introduction of options on iShares Physical Bitcoin in EUR and USD, and termination of clearing of 39 equity index derivatives, and 9 single stock options.
Also, 16 single stock futures and 1 future on Bitwise Physical Bitcoin ETP.
In the legal framework of Eurex Clearing AG, certain provisions will be amended as set out in Cir 020/25 attachments 1 and 2, such as ch. II Part 2, 2.1, and 2.9.2(2).
Including numbers 2.29, 3.1, 3.11 of the clearing conditions (020/25 attachment 1).
In addition, numbers 3.1, 3.3, 3.4, 3.7, 3.9 of the price list (020/25 attachment 2).
Circular 028/25 sets out Eurex Deutschland management board's decision with effect from May 5, 2025 to introduce options on iShares Physical Bitcoin in EUR and USD.
Refers to contract specifications for futures contracts and options contracts at Eurex Deutschland (contract specifications), as per 028/25 attachment 1 and 2.
Eurex Frankfurt AG executive board decided effective from May 5, 2025 to amend the existing liquidity provider program Equity 04 – Options on ETFs re new products.
Specifically, new products admitted to trading, as provided in 028/25 attachment 3.
To implement the above decisions of Eurex Deutschland, contract specifications will be amended eff. May 5, 2025, as set out in Cir 028/25 attachments 1 and 2.
Cir 028/25 contains all information on the introduction of the new products and the updated sections with regard to the rules and regulations of Eurex Deutschland.
For trading these new products, such trading participants are required to be assigned respective capacities Physical EUR and/or Physical ETFs USD, accordingly.
No action required from trading participants who are already assigned these capacities.
Effectiveness
The changes will become effective as of May 5, 2025.
