Cboe Will Launch Cash-Settled Options on Spot Bitcoin
Cboe Global Markets, Inc. is set to introduce the first cash-settled index options based on the spot Bitcoin price on December 2nd, available exclusively on the Cboe Options Exchange.
These SEC-regulated options will use the new Cboe Bitcoin U.S. ETF Index, created by Cboe Labs and Cboe Global Indices to track the performance of US-listed Bitcoin ETFs and correlate with the spot price of Bitcoin.
These options will provide investors a way to gain exposure and capitalize on the price movements of Bitcoin ETFs and the cryptocurrency itself, while removing the complexities of physically holding and delivering the asset.
Cboe also plans to offer mini options and cash-settled FLEX options on both versions of the index, providing greater flexibility and customization for traders.
