👍👍Watch Out for December in Bitcoin: New Products Coming from Cboe 👍👍

Cboe Global Markets announced that it will launch the first cash-settled index options based on the spot price of Bitcoin.$BTC

The innovative product will be launched on Monday, December 2, and will be based on the new Cboe Bitcoin US ETF Index, which was developed to track the performance of Bitcoin spot ETFs traded on U.S. exchanges.

Cboe said the new index options will allow users to invest in Bitcoin spot ETFs and provide an indirect investment opportunity in Bitcoin. These options will be cash-settled, eliminating the hassle of physical Bitcoin ETF delivery, and will offer European-style option features that can only be exercised on the maturity date.

“Our index options offer unique value to institutional and individual investors looking to benefit from or hedge against Bitcoin price movements without directly holding assets,” said Rob Hocking, Cboe’s Head of Global Product Innovation.

Cboe will also be launching a new product called Cboe Mini Bitcoin U.S. ETF Index Options (MBTX), which are a fraction of the size of standard options.

This new product expands Cboe’s portfolio of digital asset derivatives. The company already offers cash-settled Bitcoin and Ether futures on the Cboe Digital Exchange.

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