Wu News has learned that Cboe Global Markets announced the launch of the first cash-settled index option based on the spot Bitcoin price on December 2. This option will be traded on the Cboe Options Exchange, regulated by the SEC, and is based on the new Cboe Bitcoin U.S. ETF Index (CBTX). The index tracks the performance of U.S.-listed spot Bitcoin ETFs and aims to reflect the correlation with the spot Bitcoin price.