Cboe Global Markets has announced plans to launch the industry’s first cash-settled options product related to spot Bitcoin ETF products. The firm noted that these cash-settled products are based on the Cboe Bitcoin US ETF Index (CBTX). The new product will officially go live on December 2. This offering will allow investors to bet on the underlying product hosted on trading platforms in the US, while being a true tracker of the Bitcoin price.
This cash-settled product comes after the recent launch of spot Bitcoin ETF options on the Nasdaq.
