CBOE plans to launch the first cash-settled options product related to spot Bitcoin next week

According to market news, the Chicago Board Options Exchange (CBOE) announced today plans to launch its first cash-settled index options related to the spot price of Bitcoin starting December 2 (Monday). These options will be listed and traded exclusively 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 we've launched based on the CBOE Bitcoin U.S. ETF Index provides traders with a timely and attractive solution to efficiently access the Bitcoin spot market. We expect the unique advantages of cash settlement, combined with the launch of various index-scale options and flexible options, will provide clients with 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 or hedge from Bitcoin price fluctuations without directly holding the asset."