🇺🇸🏦 The Chicago Stock Exchange (CBOE) will launch index options based on spot Bitcoin ETFs
📈 The options are based on the new CBOE Bitcoin US ETF index, which tracks the quotes of the leading spot Bitcoin ETFs.
🤑 According to the CBOE, these options will allow for indirect exposure to Bitcoin, with enhanced risk management.
🛡️ The firm explains that this reduces the complexities of physical delivery and physical custody of Bitcoin ETFs, as the contract settlement is done directly in cash.
📈 The news has had a positive impact on the price of Bitcoin, which after falling below USD 97,000, recovered the level of USD 98,000.
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