Cboe to Launch Bitcoin Volatility Index BITVX Measuring 30-Day Implied Volatility
Cboe will launch the IBIT Volatility Index (BITVX) on March 23, measuring 30-day forward-looking bitcoin volatility via options on the iShares Bitcoin Trust ETF. The new index applies Cboe’s VIX® methodology, expanding its suite of volatility benchmarks into digital assets and enhancing derivatives offerings.
1. Index Launch Details
Cboe plans to launch the IBIT Volatility Index (BITVX) on Monday, March 23. The index will measure the market’s expectation of 30-day forward-looking bitcoin volatility using options on the iShares Bitcoin Trust ETF, one of the most actively traded U.S. digital asset option series.
2. VIX Methodology Applied
BITVX employs Cboe’s proprietary VIX® framework, aggregating prices across a broad range of out-of-the-money IBIT option strikes. It uses two weekly Friday expirations that bracket a constant 30-day target horizon to produce a model-free implied volatility reading.
3. Strategic Impact
This launch extends Cboe’s volatility index suite into the bitcoin market, offering a transparent, rules-based benchmark for digital asset risk. The addition aims to attract derivative traders seeking to analyze, price and hedge bitcoin exposure, supporting growth in the firm’s product offerings.