According to ChainCatcher, Cboe plans to launch the first cash-settled index option linked to the spot price of Bitcoin on December 2.
These options will be regulated by the U.S. Securities and Exchange Commission (SEC) and based on the new Cboe Bitcoin US ETF Index (Ticker: CBTX), the first U.S. spot Bitcoin ETF index on the market, designed to track the performance of a basket of spot Bitcoin ETFs listed in the United States.
The Cboe Bitcoin U.S. ETF Index is designed to be correlated to the price of spot Bitcoin, making it a representative measure of the asset.
