Nasdaq and CF Benchmarks Seek SEC Approval for Bitcoin Index Options Tracking CME CF Index

Aug 27, 2024, 03:41 PM

Nasdaq is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch and trade options on a Bitcoin index. This move, in collaboration with CF Benchmarks, aims to provide traders and institutions with new ways to hedge and amplify their exposure to Bitcoin. The proposed options would track the CME CF Bitcoin Real-Time Index, potentially enhancing liquidity and offering a more cost-effective method for traders to manage risk. This initiative aligns with Nasdaq's strategy to expand its offerings in the cryptocurrency market, following similar moves by other major exchanges, and will utilize the CME CF Index.