Chicago Board Options Exchange (CBOE) Global Markets, Inc., a rede de bolsa de valores, anunciou seus planos de lançar suas primeiras opções de índice liquidadas cash relacionadas ao preço à vista Bitcoin em 2 de dezembro.
A rede de bolsa de derivativos e valores mobiliários Cboe Global Markets, Inc., revelou planos para lançar as primeiras opções de índice com liquidação cash vinculadas ao Bitcoin à vista. A rede anunciou que o produto estaria disponível no próximo mês.
A Chicago Board Options Exchange anunciou que os produtos seriam listados e negociados exclusivamente na bolsa da rede, uma vez lançados. A rede de bolsa de valores também destacou que as opções seriam regulamentadas pela SEC.
A CBOE também revelou que as opções seriam baseadas no CBOE Bitcoin US ETF Index (CBTX). A bolsa de derivativos expressou em um comunicado à imprensa em 22 de novembro que o CBTX era um ETF BTC spot modificado desenvolvido em conjunto pela CBOE Labs e CBOE Global Indices.
Uma mensagem de John Palmer e David Howson:
A Cboe tomou a decisão estratégica de migrar nossos trac futuros bitcoin e Ether liquidados cash para a Cboe Futures Exchange (CFE) no primeiro semestre de 2025, dependendo da revisão regulatória e de certas aprovações 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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