Cboe is set to launch the first cash-settled index options linked to the spot price of Bitcoin, scheduled to go live on December 2nd. This new product will be regulated by the U.S. Securities and Exchange Commission (SEC) and will be based on the new Cboe Bitcoin U.S. ETF Index (CBTX). This index is the first U.S. spot Bitcoin ETF index in the market, using a modified market capitalization weighting method, aimed at tracking 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 closely tied to the spot price of Bitcoin, making it a representative metric for measuring the asset. This initiative may provide investors with new trading tools while also reflecting the market's ongoing interest in Bitcoin products. 📈💼