Cboe Launches BITVX Index for Bitcoin Volatility Tracking
- Cboe Global Markets is introducing a new index called BITVX to track Bitcoin‘s expected price swings.
- The index will utilize options tied to the Ishares Bitcoin ETF Trust.
- This initiative applies the VIX methodology, commonly used in traditional markets, to the Bitcoin options market.
Cboe Global Markets has announced the launch of BITVX, an index designed to measure expected volatility in the Bitcoin market using options linked to the Ishares Bitcoin ETF Trust. This marks a significant step as it applies Wall Street’s well-known VIX methodology to cryptocurrency markets.
The introduction of BITVX by Cboe aims to provide investors with a tool similar to traditional market volatility indices, offering insights into potential price fluctuations within the Bitcoin market. (Source)
