Cboe Plans to Launch BITVX Volatility Index Based on IBIT Options on March 23

Odaily News Cboe (Chicago Board Options Exchange) plans to launch the Cboe IBIT Volatility Index (BITVX) on March 23. This index will introduce Cboe's VIX Index methodology into the Bitcoin market, further expanding the company's volatility index product line. BITVX is designed to measure the market's expected volatility for Bitcoin over the next 30 days. Its data is sourced from the option prices of the iShares Bitcoin Trust ETF (IBIT), a Bitcoin exchange-traded fund under BlackRock, and is calculated and managed by Cboe Global Indices. It employs the same methodology as the CBOE Volatility Index (VIX), deriving implied volatility from option prices rather than relying on historical returns.