TechFlow news, on November 22, according to PR Newswire, the Chicago Board Options Exchange (CBOE) will launch the world's first cash-settled index options product based on the spot Bitcoin price on December 2. The product will be exclusively listed and traded on the CBOE Options Exchange and regulated by the SEC.
The new product is based on the CBOE Bitcoin U.S. ETF Index (ticker: CBTX), the market's first index tracking the performance of U.S. spot Bitcoin ETFs. CBOE will simultaneously introduce three types of contracts: standard index options, mini index options (ticker: MBTX, one-tenth the size of the standard contract), and FLEX options, which allow traders to customize key contract terms.
Rob Hocking, Head of Global Product Innovation at CBOE, said that the combination of cash settlement, diversified index sizes, and FLEX options will provide institutional and retail investors with more flexible trading strategy choices, enabling market participation without the need to directly hold Bitcoin.
