Cboe to Launch Bitcoin ETF Index Options in December

These new options are listed and traded exclusively on the Cboe Options Exchange.

They offer traders a new way to make moves in the Bitcoin market without directly holding the cryptocurrency.

Cboe Launches Flexible Bitcoin ETF Index Options

The new Cboe Bitcoin U.S. ETF Index (ticker: CBTX) is the first U.S. index to track the price of Bitcoin ETFs. It’s designed to follow the price of Bitcoin itself, making it a great way to invest in Bitcoin’s price movements. The options will be cash-settled, meaning traders will get paid in cash when their options expire. This is rather than dealing with the complexities of buying or selling actual Bitcoin.

According to a blog post, Cboe’s options will give traders the chance to profit from Bitcoin price changes, and manage risk. Also, make bets on the market’s future. Whether you’re an institutional investor or just a regular trader, these new options could be the perfect way to test the waters in the crypto space.

NEWS: Cboe to Launch the First Cash-Settled Options Product Related to Spot Bitcoin, Beginning Monday, December 2

Read the press release: https://t.co/e3WkjBpQRg

The first cash-settled index #options related to the price of spot Bitcoin
Options are based on the new Cboe… pic.twitter.com/jduITZq8pQ

— Cboe (@CBOE) November 22, 2024

Alongside the standard-sized options, Cboe will also offer “mini” options. They are one-tenth the size of the standard options. These smaller options are meant to appeal to traders with smaller portfolios or those who want more flexibility. For even more customization, Cboe will offer FLEX options. They will allow traders to set their terms, such as expiration dates and exercise prices.

More About Cboe’s Options

Rob Hocking, Cboe’s Global Head of Product Innovation, said, “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.” With the new cash-settled options and various sizes available, traders can use these products to either profit from or protect themselves against Bitcoin’s price swings.

Cboe is rolling out a new Bitcoin-based index, CBTX, with options on it starting December 2nd. It’s an initiative to replicate their highly successful S&P 500-based SPX option products in the $BTC space. Unlike most/all other Bitcoin options, these will be European style,…

— Vance Harwood (@6_Figure_Invest) November 22, 2024

This new offering is part of Cboe’s plan to expand its digital asset products. Cboe already offers Bitcoin and Ether futures and plans to list more crypto-related products in the future. Adam Inzirillo, Global Head of Data and Access Solutions at Cboe, added, “Our ability to leverage the full breadth of our platform to bring new solutions to market is a key differentiator for Cboe.”

Disclaimer

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