US SEC Reviews Nasdaq Bitcoin Index Options Listing Proposal

Doohyun Hwang

Summary

The US Securities and Exchange Commission is reviewing Nasdaq PHLX's proposal to list and trade Bitcoin Index Options.
The proposal provides an alternative for institutions and traders to hedge exposure to Bitcoin.
The financial product is reported to be based on underlying assets such as BlackRock's iShares Bitcoin Trust ETF.

The US Securities and Exchange Commission (SEC) is reviewing a proposal from Nasdaq PHLX to list and trade Bitcoin Index Options, as reported by Defiant on the 23rd (local time).

Last August, Nasdaq submitted an application to the SEC for 'Bitcoin Index Options' to provide institutions and traders with an alternative way to hedge exposure to Bitcoin.

This product is a financial instrument that allows traders to buy and sell assets like stocks, indices, and ETFs at a set price on a specified date, based on the CME CF Bitcoin Real-Time Index developed by CF Benchmarks. It includes options based on underlying assets such as BlackRock's iShares Bitcoin Trust ETF.

BTC