ChainCatcher message, Cboe plans to launch its first cash-settled index option related to the spot Bitcoin price on December 2.

These options will be regulated by the U.S. Securities and Exchange Commission (SEC) and are based on the new Cboe Bitcoin U.S. ETF Index (Ticker: CBTX), which is the first U.S. spot Bitcoin ETF index in the market: a modified market capitalization weighted index designed to track the performance of a basket of spot Bitcoin ETFs listed in the U.S.

The design of the Cboe Bitcoin U.S. ETF Index is also related to the price of spot Bitcoin, making it a representative indicator for measuring the asset.

According to previous news, CBOE intends to launch its first cash-settled options product related to spot Bitcoin next week.