As Bitcoin approaches $100,000, Cboe Global Markets is preparing to launch new ETF options tied to the spot price of Bitcoin.
These options launch on December 2 via the Cboe Bitcoin US ETF Index (CBTX), giving investors a new way to interact with Bitcoin’s movements without having to hold the asset directly.
The options track the performance of a basket of US-listed spot Bitcoin funds using a market-cap-weighted rate structure to ensure a close match to the spot price.
Contracts are settled in cash upon expiration, providing greater flexibility and reducing the complexities associated with directly holding Bitcoin.
According to Rob Hocking, head of product innovation at CBOE, these instruments provide an efficient and secure way to gain exposure to the Bitcoin market, with cash settlement features and different size options that allow greater flexibility for traders.
In addition, the range will include standard and smaller contracts (one-tenth of a standard contract), giving smaller investors the opportunity to manage risk.
The launch is in line with CBOE’s plan to expand its digital asset derivatives platform, which currently includes futures contracts for Bitcoin and Ethereum.
By 2025, the company plans to move its products to the Chicago Board of Trade, strengthening its position in the fast-growing digital assets market.
