Chicago Board Options Exchange (CBOE) Global Markets, Inc., la red de bolsa de valores, anunció sus planes de lanzar sus primeras opciones de índice liquidadas en cash relacionadas con el precio spot Bitcoin el 2 de diciembre.
La red de derivados y bolsa de valores Cboe Global Markets, Inc., reveló planes para lanzar las primeras opciones de índice liquidadas en cash vinculadas al Bitcoin al contado. La cadena anunció que el producto estaría disponible el próximo mes.
Chicago Board Options Exchange anunció que los productos se cotizarían y negociarían exclusivamente en la bolsa de la red una vez lanzados. La red de bolsas de valores también destacó que las opciones estarían reguladas por la SEC.
CBOE también reveló que las opciones se basarían en el índice CBOE Bitcoin US ETF (CBTX). La bolsa de derivados expresó en un comunicado de prensa del 22 de noviembre que CBTX era un ETF de BTC al contado modificado desarrollado conjuntamente por CBOE Labs y CBOE Global Indices.
Un mensaje de John Palmer y David Howson:
Cboe ha tomado la decisión estratégica de migrar nuestros trac de futuros bitcoin y ether liquidados en cash a Cboe Futures Exchange (CFE) en el primer semestre de 2025, pendiente de revisión regulatoria y ciertas aprobaciones corporativas. pic.twitter.com/VoPieSCikx
- CboeDigital (@CboeDigital) 25 de abril de 2024
CBOE revealed the index was designed to track Bitcoin spot ETFs listed on the U.S. stock exchange. In the press statement, the exchange suggested the product would allow participants to gain exposure and experience to spot Bitcoin ETFs and Bitcoin.
CBOE added that by using the exposure, participants could easily manage risks, capitalize on the price movements observed, and reveal their opinions on the overall market. The securities exchange network explained that cash-settled meant the positions would be closed and settled in cash upon expiration instead of physically delivering the ETF.
In the press statement, CBOE revealed the index options would eliminate risks of early assignment by ensuring they were only exercisable on expiry.
The Chicago Board Options Exchange also revealed that it would offer CBOE Mini BTC U.S ETF index options. According to the company, the mini BTC ETF options, with the ticker MBTX, would also launch on December 2.
CBOE revealed the mini options would offer a tenth of the notional value of standard options. The company also confirmed that cash-settled FLEX options would be available for both MBTX and CBTX.
It added that these options would allow traders to vary their contractual options, including style, expiration date, and exercise price.
In the press statement, CBOE’s global head of product innovation, Rob Hocking, stated,
“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,”
He also emphasized that the company expected unique benefits from cash settlement. He added that the Flex options and the availability of various index sizes would give participants flexibility as they trade.
He praised the company’s index value, adding it could appeal to both retail and institutional investors. Hocking added that the index would favor traders who wanted to capitalize on Bitcoin’s price movement without purchasing the asset.
In the press statement, the company revealed that the new options would expand its digital asset derivative offerings. CBOE added that the cash-settled BTC and Ether margin futures traded on the company’s digital exchange were expected to transition to the CBOE futures exchange in the first and second quarters of 2025.
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