The Chicago Board Options Exchange (CBOE) will launch bitcoin-related index options products

On November 22nd, according to foreign media reports, the Chicago Board Options Exchange (CBOE) announced today that it plans to launch the first cash-settled index options related to the spot price of Bitcoin starting from Monday, December 2nd. These options will be exclusively listed and traded on the CME Options Exchange, regulated by the Securities Exchange Commission, and based on the new CME Bitcoin US Traded Open-ended Index Fund (ETF) index. Rob Hawking, global head of product innovation at CME, said: "Our new range of options based on the CME Bitcoin US ETF index provides a timely and attractive solution for traders to efficiently access the Bitcoin spot. We expect the unique advantages of cash settlement, combined with the introduction of various index-sized options and flexible options, will provide clients with more flexibility in trading strategies. Our index options offer a unique value proposition that we believe will be attractive to both institutional participants and retail traders looking to profit from or hedge against bitcoin price fluctuations without directly holding the asset. "