Bybit Lists XLKUSDT Perpetual Contract with Up to 20x Leverage

Bybit has officially listed the XLKUSDT perpetual contract, bringing a tokenized derivative of the State Street Technology Select Sector SPDR ETF (XLK) to the futures market. Traders can now access up to 20x leverage on this synthetic asset, which mirrors the performance of one of the largest US tech-focused ETFs.

What Happened

On July 21, 2026, Bybit announced the listing of the XLKUSDT perpetual contract. The contract allows traders to speculate on the price movements of XLK, a tokenized version of the State Street Technology Select Sector SPDR ETF. XLK tracks major US tech companies, including those in IT services, semiconductors, and wireless telecommunications. At the time of listing, XLK was trading at approximately $179.22, with a 24-hour price of $178.50 and a 1.14% gain.

This listing expands Bybit's offerings in the tokenized assets and synthetics space, providing a bridge between traditional finance (TradFi) and crypto derivatives. The contract supports up to 20x leverage, enabling both long and short positions.

Token Snapshot

• Symbol: XLK
• Name: State Street Technology Select Sector SPDR ETF (Derivatives)
• Category: Token (Synthetics, Tokenized ETFs, TradFi Assets Derivatives)
• Current Supply: 0 (infinite supply model)
• Last Known Price: $178.50 USD (up 1.14% in 24 hours)
• Active Markets: 10
• Tags: DeFi, Synthetics, Tokenized Assets, Tokenized ETFs, TradFi Assets Derivatives

Note: This token is a derivative product and does not represent direct ownership of the underlying ETF shares.

Risk Notes

Trading perpetual contracts with leverage carries significant risk. The synthetic nature of XLK means its price may deviate from the underlying ETF due to market conditions, liquidity, or platform-specific factors. Always use proper risk management, including stop-loss orders, and never trade more than you can afford to lose.

Where to Trade

XLKUSDT perpetual is currently tradable exclusively on Bybit. For automated trading strategies, consider using our bot: Trade with our bot.