PANews reports on June 9th that according to an official Cboe announcement, the Chicago Options Exchange recently launched the first covered call option index based on spot BTC ETF. The series includes two indices, BXGBTCA and BXGBTCT, which track the at-the-money and 20% out-of-the-money covered call option strategies for the Grayscale Bitcoin Trust ETF (GBTC). The new product provides investors with a tool to manage Bitcoin risk exposure through a strategy of synthetic long GBTC combined with selling call options. This launch represents Cboe's attempt to introduce traditional options yield strategies into the digital asset market, with the index tracking through GBTC option contracts rather than directly holding Bitcoin.
Cboe Launches First Covered Call Option Index Based on Spot Bitcoin ETF
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