Bitcoin

mini

Spot

<p>Cboe Global Markets is set to introduce the first cash-settled index options tracking the price of spot Bitcoin. The Cboe Bitcoin U.S. ETF Index (CBTX) will follow the performance of Bitcoin exchange-traded funds listed in the U.S. and is slated to launch on the Cboe Options Exchange on December 2nd.</p> 
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   <p lang="en" dir="ltr">NEWS: Cboe to Launch the First Cash-Settled Options Product Related to Spot Bitcoin, Beginning Monday, December 2<br><br>Read the press release: <a href="https://t.co/e3WkjBpQRg" target="_blank">https://t.co/e3WkjBpQRg</a><br><br>🔹 The first cash-settled index <a href="https://twitter.com/hashtag/options?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#options</a> related to the price of spot Bitcoin <br>🔹 Options are based on the new Cboe… <a href="https://t.co/jduITZq8pQ" target="_blank">pic.twitter.com/jduITZq8pQ</a></p>— Cboe (@CBOE) <a href="https://twitter.com/CBOE/status/1859988952750408128?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 22, 2024</a>
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<p>CBTX, a joint venture between Cboe Labs and Cboe Global Indices, according to <a href="https://ir.cboe.com/news/news-details/2024/Cboe-to-Launch-the-First-Cash-Settled-Options-Product-Related-to-Spot-Bitcoin-Beginning-Monday-December-2/default.aspx" target="_blank" rel="noreferrer noopener nofollow">press release</a> will correlate Bitcoin’s price, providing investors with indirect exposure to the cryptocurrency through a basket of ETFs. The index options will be cash-settled, meaning there won’t be a physical delivery of ETFs.</p> 
<p>Cboe will also offer mini options (MBTX) for CBTX, representing 1/10th of the notional value of standard options. Additionally, cash-settled FLEX options will be available for both CBTX and MBTX, allowing traders to customize contract terms.</p> 
<p>Rob Hocking, Global Head of Product Innovation at Cboe, stated, “Our new suite of options on the Cboe Bitcoin U.S. ETF Index offers a timely and compelling solution for traders to efficiently gain exposure to spot Bitcoin.”</p> 
<p>Cboe’s expansion into Bitcoin derivatives includes cash-settled Bitcoin and Ether margin futures on Cboe Digital Exchange, which are expected to transition to Cboe Futures Exchange in 2025. Additionally, Cboe’s BZX Equities Exchange is a leading venue for spot U.S. crypto ETFs.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read : <a href="https://www.cryptotimes.io/2024/10/19/sec-approves-options-trading-for-bitcoin-etfs-on-nyse-cboe/" target="_blank" rel="noreferrer noopener">SEC Approves Options Trading for Bitcoin ETFs on NYSE &amp; CBOE</a></p> 
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Cboe to Launch Bitcoin Spot Index Options

The Crypto Times

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