Coinbase Derivatives has announced its upcoming Mag7 + Crypto Equity Index Futures, a product designed to offer investors simultaneous exposure to both leading US technology stocks and digital asset ETFs.
Product overview and purpose
The new index futures contract combines the so-called “Magnificent 7” tech stocks—Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta, and Tesla—alongside Coinbase stock and two digital asset ETFs: iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA).
This marks the first time a US-listed derivative provides unified access to both equities and bitcoin-linked assets in a single contract.
The company stated:
“By introducing this contract, we are offering a diversified, capital-efficient tool that provides thematic exposure to innovation & growth, diversification in a unified product, and strategic risk management.”
Index composition and rebalancing
The hybrid index is evenly weighted, with each of the 10 components representing 10% of the basket.
Quarterly rebalancing will ensure equal weighting is maintained, even as prices fluctuate. MarketVector serves as the official index provider.
Contract details and settlement
Each Mag7 + Crypto Equity Index Futures contract is monthly and cash-settled, with a notional value of $1 multiplied by the index price.
For example, at an index value of $3,000, a single contract would be worth $3,000.
Full trading and settlement details for retail investors will be released in the coming months.
Expanding access to digital assets
The inclusion of the iShares Bitcoin Trust ETF provides indirect exposure to bitcoin’s price movement within the index.
