PANews November 22 news, according to Walter Bloomberg, the Chicago Board Options Exchange (CBOE) announced today that it plans to launch the first batch of cash-settled index options related to the spot price of Bitcoin starting on December 2 (Monday). These options will be listed and traded exclusively on the CME Options Exchange, regulated by the U.S. Securities and Exchange Commission, and based on the new CME Bitcoin US Exchange Traded Open-End Index Fund (ETF) Index. Rob Hocking, global head of product innovation at CME, said: "Our new series of options based on the CME Bitcoin US ETF Index provides traders with a timely and attractive solution for efficient involvement in Bitcoin spot. We expect that the unique advantages of cash settlement, coupled with the launch of a variety of index-sized options and flexible options, will provide customers with more flexibility in trading strategies. Our index options offer a unique value proposition, which we believe will be attractive to both institutional participants and retail traders who want to profit from or hedge against Bitcoin price fluctuations without directly holding the asset." (Jinshi Data APP)
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