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Cboe Global Markets to Launch First Cash-Settled Options on Spot Bitcoin ETFs via CBTX Index on December 2

Nov 22, 2024, 03:28 PM

Cboe Global Markets, the world's leading derivatives exchange, announced that it will launch the first-ever cash-settled index options product tied to spot Bitcoin ETFs, beginning on Monday, December 2. The options will be based on the new Cboe Bitcoin U.S. ETF Index (CBTX), providing investors with exposure to Bitcoin's price movements without directly holding the cryptocurrency. The options will be traded on the Cboe Options Exchange, marking a significant development in institutional adoption of Bitcoin.