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CBOE to Launch Bitcoin-Linked Index Options

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The Chicago Board Options Exchange (CBOE) announced today that it plans to launch the first cash-settled index options tied to Bitcoin spot prices starting, December 2. These options will be exclusively listed and traded on the CBOE Options Exchange, regulated by the U.S. Securities and Exchange Commission (SEC), and will be based on the newly introduced CBOE Bitcoin US Exchange-Traded Fund (ETF) Index.

Rob Hocking, Global Head of Product Innovation at CBOE, stated, “This new series of options based on the CBOE Bitcoin US ETF Index provides traders with an efficient and highly appealing solution for accessing Bitcoin spot exposure. We expect the unique advantages of cash settlement, combined with the introduction of options in various index sizes and flexible structures, to offer clients greater flexibility in their trading strategies. Our index options represent a distinctive value proposition that we believe will attract both institutional participants and retail traders who wish to capitalize on Bitcoin price volatility or hedge against it without directly holding the asset.”

This development underscores CBOE’s commitment to delivering innovative solutions for cryptocurrency markets, enabling a broader range of investors to engage with Bitcoin price movements effectively and securely.

Disclaimer: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.

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