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Cboe Global Markets: BITVX Bitcoin Volatility Index Launching March 23
Cboe Global Markets is set to launch the Cboe IBIT Volatility Index (BITVX) on March 23, a new benchmark for measuring expected bitcoin volatility. The index will use the same methodology as the VIX Index but will derive data from options for the iShares Bitcoin Trust ETF (IBIT). BITVX aims to provide investors with a transparent tool to analyze and manage risk in the digital asset market by reflecting consensus expectations of near-term bitcoin volatility.