Cboe Global Markets launched the Cboe IBIT Volatility Index (BITVX) on March 23, 2026.
The index applies the established VIX methodology to the iShares Bitcoin Trust (IBIT). It calculates 30-day forward-looking implied volatility based on IBIT option prices.
This standardized tool allows investors to gauge market sentiment specifically for the Bitcoin ETF. The development enhances risk management and strategy capabilities for one of the largest crypto-based financial products.