Die 100.000 US-Dollar-Marke scheint für Bitcoin so sehr in Reichweite wie nie zuvor und auch die Vorzeichen sind gut, doch Short-Positionen droht der Squeeze.
Cboe to launch first cash-settled Bitcoin index options
- Cboe to launch cash-settled Bitcoin index options based on the CBTX index on Dec 2.
- The options will offer indirect exposure to Bitcoin via US spot Bitcoin ETFs.
- Mini options and customizable FLEX options will also be available at launch.
Cboe Global Markets, a leader in the derivatives and securities exchange network, has announced plans to launch the first cash-settled index options tied to the price of spot Bitcoin.
The new offering, set to go live on December 2, 2024, will be based on the Cboe Bitcoin US ETF Index (CBTX), marking a significant development in the world of cryptocurrency derivatives.
The CBTX index, a modified market cap-weighted benchmark developed by Cboe Labs and Cboe Global Indices, is designed to track the performance of a basket of Bitcoin exchange-traded funds (ETFs) listed on US exchanges. The index aims to offer indirect exposure to spot Bitcoin by reflecting the performance of these ETFs, providing investors with a way to gain exposure to Bitcoin’s price movements without directly holding the asset.
The upcoming options will be listed exclusively on the Cboe Options Exchange, regulated by the US Securities and Exchange Commission (SEC), and will be cash-settled at expiration. This means that positions will be closed in cash rather than requiring physical delivery of Bitcoin ETFs, simplifying the process for traders.
In addition, these options will feature European-style exercise, meaning they can only be exercised on the expiration date, eliminating the risk of early assignment.
To further broaden market access, Cboe will also offer mini options (MBTX) at launch. These options will be one-tenth the notional value of the standard options, offering greater flexibility for smaller portfolios and more granular risk management.
Additionally, Cboe plans to introduce cash-settled FLEX options for both CBTX and MBTX, allowing traders to customize key contract terms, such as exercise price, style, and expiration date.
Rob Hocking, Global Head of Product Innovation at Cboe, highlighted that the new options products are designed to meet the growing demand for efficient exposure to Bitcoin.
The launch aligns with Cboe’s broader digital assets strategy, which includes Bitcoin and Ether futures, and aims to provide both institutional and retail investors with innovative tools to capitalize on or hedge against Bitcoin price movements.
This move underscores Cboe’s commitment to expanding its crypto derivatives offerings and strengthening its position as a leading venue for crypto-related trading products.
The post Cboe to launch first cash-settled Bitcoin index options appeared first on CoinJournal.
Blockchain Association outlines ‘first 100-days’ priorities for Trump
- Blockchain Association wants to see the establishment of a crypto regulatory framework as a priority.
- Trump should appoint a new SEC chair within the first 100 days.
- Other key areas include an end to the debanking of crypto companies and creation of an advisory council.
Blockchain Association has sent a letter to US President-elect Donald Trump, urging the new incoming government to consider five key areas in the first 100 days of the administration.
The association, which has nearly 100 members, noted the priority areas they believe Trump’s government and Congress should focus on in those first three months in a letter submitted on Nov. 22.
According to the crypto and blockchain advocacy group, see the establishment of a crypto regulatory framework as one of the first things the pro-crypto president and Congress should focus on.
“President-elect Trump’s vision to make America the crypto capital of the world is a hope shared by the entire crypto industry – and its founders, developers, and innovators. And it can be realized with President-elect Trump’s arrival to Washington, along with the most pro-crypto Congress in history,” said Blockchain Association chief executive officer Kristin Smith.
New SEC Chair and roll back of SAB 121
The group also wants to see an end to the debanking of crypto and blockchain companies, the swift appointment of a new SEC chair and roll back of SAB 121.
As well as appointments at the Treasury Department and IRS, the Blockchain Association believes the other priority should be the creation of a crypto advisory council. Per the letter, this council will collaborate with Congress and US federal regulatory agencies to promote and not stifle crypto innovation.
“We propose a crypto advisory council to help craft detailed, fit-for-purpose regulations through collaboration with Congress & regulators. Public-private partnerships are essential to establishing smart rules that respond to the tech and protect consumers,” the group noted.
The Blockchain Association’s letter comes as reports suggest Trump’s team is working on appointing a “crypto czar” at the White House. Several pro-crypto individuals are also in the running to become the next SEC chair, with Gary Gensler set to step down in January.
Trump’s election boosted the crypto market, sending Bitcoin to near $100,000, while XRP, Solana and Cardano are among altcoins to rally hard amid the optimism.
The post Blockchain Association outlines ‘first 100-days’ priorities for Trump appeared first on CoinJournal.
Allianz investiert in Bitcoin – Deutsche Versicherung stützt Kryptowährung über MicroStrategy
Die Allianz investiert massiv in die Wandelanleihen von MicroStrategy und setzt damit nicht nur auf die Wertentwicklung des größten Bitcoin-Besitzers, sondern befeuert damit auch die Kursentwicklung der Kryptowährung
Cardano-Kurs droht Abschwung – Verpufft die Kletterpartie im Dezember?
Die Kletterpartie von Cardano könnte zunächst weitergehen, doch die Zeichen verdichten sich, dass es kurzfristig wieder abwärts geht.