Derivatives and securities exchange network Cboe Global Markets, Inc today announced plans to launch the first cash-settled index options related to the price of spot Bitcoin beginning Monday, December 2.
Exclusively listed and traded on Cboe Options Exchange, these options will be SEC-regulated and based on the new Cboe Bitcoin U.S. ETF Index (Ticker: CBTX).
The Cboe Bitcoin U.S. ETF Index, jointly developed by Cboe Labs and Cboe Global Indices, is the market’s first U.S. spot Bitcoin ETF index. This modified market cap-weighted index is designed to track the performance of a basket of spot Bitcoin ETFs listed in the U.S. Moreover, it is designed to correlate to the price of spot Bitcoin, making it a representative measure of the asset.
Options on the Cboe Bitcoin U.S. ETF Index will allow market participants…
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