Techub News: The Chicago Board Options Exchange (Cboe) will launch the first cash-settled index options related to spot Bitcoin on December 2. The options are based on the new Cboe Bitcoin U.S. ETF Index, designed to reflect the performance of spot Bitcoin ETFs listed on U.S. exchanges. These options will be exclusively listed and traded on the Cboe Options Exchange and will be regulated by the SEC. In addition to cash settlement, these index options will also provide European-style exercise, meaning they can only be exercised on the expiration date, thereby eliminating the risk of early assignment. Furthermore, in addition to options on the standard-sized index, the Chicago Board Options Exchange also plans to offer Cboe Mini Bitcoin U.S. ETF Index options (ticker symbol: MBTX) upon launch.