Cboe Launches Bitcoin ETF Options linked to its ETF Index
Cboe Global Markets Inc. has announced plans to launch the first cash-settled index options tied to the spot price of Bitcoin.
Cboe’s Bitcoin ETF options will debut on December 2 and will be based on its ETF index, which tracks a group of U.S.-listed spot Bitcoin exchange-traded funds.
Bitcoin ETF options continue to draw interest from institutional investors
this develop Shortly after listing on NASDAQ Bitcoin ETF Options, which allow investors to speculate on Bitcoin’s price movements or manage risk through derivatives.
Cryptocurrency derivatives, including options and futuresTrading has traditionally been conducted outside the United States due to regulatory hurdles.
However, growing demand and a favorable stance on cryptocurrency adoption have encouraged major U.S. exchanges to expand their offerings in the space.
“We anticipate that the unique advantages of cash settlement, coupled with the availability of various index sizes and FLEX options, will provide clients with greater flexibility in their trading strategies,” CBOE said in its press release.
Earlier this week, Grayscale joins the trend Start options trading on GBTC and BTC Mini ETFs. at the same time, BlackRock IBIT options trade hits record On the first day of launch, transaction volume exceeded $425 million.
Overall, spot Bitcoin ETFs continue to gain significant traction now 5.33% of all mined Bitcoins. Bitcoin price peaks in March and November coincided with $4 billion in ETF inflows, highlighting the close link between ETF demand and price accumulation.
“Options are expanding the ecosystem, bringing in more traders and bringing more liquidity. And liquidity is the big bait. So because of the advent of options, you should see more institutions not only using options, but Use the ETF itself,” ETF analyst Eric Balchunas. explain in a recent podcast.
Earlier this month, Bitcoin ETF trading volume exceeded $7.22 billion, driven by optimism about regulatory transparency. Ethereum ETF It also recorded $295 million in inflows, driven by institutional interest led by the likes of BlackRock and Fidelity.
BlackRock’s Bitcoin ETF further solidifies its dominance Assets under management reach US$40 billion (AUM). This rapid growth has made IBIT ranks among the top 1% Number of global ETFs by AUM.
BlackRock purchased nearly 9,000 Bitcoins in a single day, further enhancing the status of its ETF in the market.
The series of developments marks the growing acceptance of cryptocurrency products in traditional financial markets, with institutional interest driving unprecedented growth in Bitcoin and Ethereum ETFs.
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