PANews reported on May 22 that Coinbase announced on its official blog that it will launch its first batch of perpetual stock index futures on June 8, offering four thematic contracts under the CFTC regulatory framework: AI10 Index, China10 Index, Defense10 Index, and Technology100 Index. These contracts provide targeted thematic exposure, employ a perpetual structure, and use a funding rate mechanism to closely link futures prices to the underlying index. They can be traded 24/7 on regulated U.S. futures exchanges. As futures contracts, these products enjoy a 60/40 tax treatment.

The AI10 Index tracks the top 10 US-listed AI companies, requiring at least 50% of their revenue to come from AI infrastructure, data, and applications. It is weighted by free-float market capitalization with a 15% weighting cap and is rebalanced quarterly. The China10 Index tracks the top 10 Chinese companies' US-listed depositary receipts, selecting the top 10 based on average free-float market capitalization and trading volume, with a 15% weighting cap and rebalanced quarterly. The Defense10 Index tracks the top 10 aerospace and defense companies, requiring at least 50% of their revenue to come from defense business. It is weighted by free-float market capitalization with a 15% weighting cap and rebalanced quarterly. The Technology100 Index tracks the top 100 innovative companies on Nasdaq, covering eight sectors including technology, communications, consumer goods, and industrials. It selects and adjusts to 100 companies based on free-float market capitalization, with no concentration cap and rebalanced quarterly.