Cboe launched the first set of covered call options index based on Spot Bitcoin ETF.

PANews, June 9 news, according to the official announcement from Cboe, the Chicago Board Options Exchange recently launched the first set of call options indices based on Spot Bitcoin ETF. This series includes two indices, BXGBTCA and BXGBTCT, which track the performance of the Grayscale Bitcoin Trust ETF (GBTC) at parity and the 20% out-of-the-money call options covered strategy, respectively. The new product provides investors with tools to manage Bitcoin risk exposure through a strategy that combines synthetic long positions in GBTC with the sale of call options. This launch is Cboe's attempt to bring traditional options income strategies into the digital asset market, with the indices tracking not by directly holding Bitcoin, but through GBTC options contracts.

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