According to Foresight 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, providing opportunities for price movements of spot Bitcoin through options, thereby expanding investor access to crypto derivatives. 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 offer European-style exercise, meaning they can only be exercised on the expiration date, thereby eliminating the risk of early assignment.
In addition to standard scale index options, the Chicago Board Options Exchange also plans to offer the Chicago Board Options Exchange Mini Bitcoin U.S. ETF Index Options (stock code: MBTX) at launch.
