According to market news, the Chicago Board Options Exchange (CBOE) today announced plans to launch the first cash-settled index options related to the spot price of Bitcoin starting on December 2 (Monday). These options will be exclusively listed and traded on the CBOE Options Exchange, regulated by the U.S. Securities and Exchange Commission, and based on the new CBOE Bitcoin U.S. Exchange-Traded Fund (ETF) Index. Rob Hocking, CBOE's Global Head of Product Innovation, stated: "This new series of options launched based on the CBOE Bitcoin U.S. ETF Index provides traders with a timely and highly attractive solution to efficiently engage in spot Bitcoin. We expect the unique advantages of cash settlement, along with the launch of various index scale options and flexible options, will offer clients more flexibility in trading strategies. Our index options offer a unique value proposition, and we believe this will appeal to both institutional participants and retail traders looking to profit from or hedge against Bitcoin price fluctuations without directly holding the asset."
