Nasdaq Seeks SEC Approval for Bitcoin Index Options

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 aims to provide traders and institutions with new ways to hedge and amplify their exposure to Bitcoin. The proposed options would be based on the CME CF Bitcoin Real-Time Index, in collaboration with CF Benchmarks. If approved, these options could offer a more cost-effective method for increasing exposure to Bitcoin, potentially enhancing liquidity in the market.