Cboe to Introduce Options on Spot Bitcoin

On December 2, Cboe Global Markets, Inc., a leading global exchange for derivatives and securities, will launch the first cash-settled index options based on the price of spot Bitcoin. These options will be exclusively listed and traded on Cboe Options Exchange, regulated by the SEC, and tied to the Cboe Bitcoin U.S. ETF Index.

The Cboe Bitcoin U.S. ETF Index, created by Cboe Labs and Cboe Global Indices, is the first US spot Bitcoin ETF index in the market. It is a modified market cap-weighted index that tracks the performance of a group of spot Bitcoin ETFs listed in the US.

This index is designed to correlate with the price of spot Bitcoin, making it a reliable measure of the asset. Trading options on the Cboe Bitcoin U.S. ETF Index will provide market participants with exposure to spot Bitcoin ETFs and indirectly to Bitcoin itself.

This allows traders to take advantage of price movements, manage risk, and express their market opinions. These index options are cash-settled, meaning they are settled in cash upon expiration, eliminating the complexities of physically delivering Bitcoin ETFs.