Bitcoin is getting its own “fear gauge.
The Cboe Global Markets has announced a new volatility index called BITVX, designed to track expected 30-day volatility in Bitcoin.
The index will be based on options tied to the iShares Bitcoin Trust (IBIT) one of the largest spot Bitcoin ETFs.
Think of it as Bitcoin’s version of the famous CBOE Volatility Index (VIX), which Wall Street uses as a “fear gauge” for the stock market.
Once live, BITVX will give investors a real-time measure of market fear and expected price swings in Bitcoin.
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