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Cboe Global Markets, a top derivatives and securities exchange, has announced the launch of pioneering cash-settled index options for spot Bitcoin, set to begin trading on December 2. These SEC-regulated options will be based on the Cboe Bitcoin U.S. ETF Index, designed to mirror the performance of U.S. listed spot Bitcoin ETFs, offering traders a direct correlation to Bitcoin prices without the complexities of physical delivery.
With this strategic move, Cboe introduces options that allow traders to speculate on Bitcoin ETFs, manage risks, or express market views through cash settlements. The options, including standard and mini sizes, ensure flexibility and control over investment sizes and risk exposure. Additionally, the European-style exercise of these options eliminates risks associated with early assignment, enhancing trading security.
Rob Hocking, Cboe’s Global Head of Product Innovation, highlights the benefits: “Our new options provide a sophisticated avenue to gain Bitcoin exposure and manage market dynamics efficiently.” This initiative is part of Cboe’s broader strategy to expand its digital asset derivatives offerings, reinforcing its market position by integrating comprehensive trading solutions under one roof.
