Cboe to Launch Cash-Settled Index Options for Spot Bitcoin ETFs
Cboe is set to launch the first cash-settled index options product for spot Bitcoin ETFs. The options are based on the new Cboe Bitcoin U.S. ETF Index, designed to reflect the performance of spot Bitcoin ETFs listed on U.S. exchanges. The options will launch on December 2, 2024, exclusively listed and traded on the Cboe Options Exchange. JUST IN: CBOE to launch first cash-settled index options product for spot #Bitcoin ETFs. — Watcher.Guru (@WatcherGuru) November 22, 2024 According to Cboe’s press release , 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. These index options will be cash-settled. This means positions are closed in cash at expiration, removing the complexities of physically delivering Bitcoin ETFs. “Our new suite of options on the Cboe Bitcoin U.S. ETF Index o...