Cboe to Launch Cash-Settled Bitcoin ETF Options as Crypto Booms

Cboe Global Markets Inc. said it is set to list the first cash-settled index options related to the spot price of Bitcoin, marking the latest addition of cryptocurrency-related securities to traditional exchanges.

The options will be launched on Dec. 2 and will be based on the Cboe Bitcoin U.S. ETF Index, which tracks a basket of spot-Bitcoin exchange-traded funds listed in the US, Cboe said in a statement on Friday.

The move follows the listing of spot-Bitcoin ETF options on Nasdaq earlier this week, which allow US investors to use derivatives to bet on the direction of the largest digital ...