Cboe plans to launch the first cash-settled index options linked to Bitcoin prices on December 2

ChainCatcher news, Cboe plans to launch the first cash-settled index options related to the spot Bitcoin price on December 2.

These options will be regulated by the U.S. Securities and Exchange Commission (SEC) and will be based on the new Cboe Bitcoin U.S. ETF Index (Ticker: CBTX), which is the first U.S. spot Bitcoin ETF index in the market: a modified market capitalization-weighted index designed to track the performance of a basket of spot Bitcoin ETFs listed in the U.S.

The design of the Cboe Bitcoin U.S. ETF Index is also related to the price of spot Bitcoin, making it a representative measure of the asset.

Previous news, CBOE plans to launch the first cash-settled options product related to spot Bitcoin next week.