Nasdaq Seeks Regulatory Approval for Bitcoin Index Options
The exchange operator sought approval from regulators to launch and trade options on a bitcoin index, according to Reuters.
- The U.S. Securities and Exchange Commission has yet to approve options based on any of the individual exchange-traded funds tied to spot bitcoin prices that debuted in January.
- Nasdaq’s application included plans for trading options on BlackRock’s $21.3-billion iShares Bitcoin Trust ETF.
It’s important for options on bitcoin to be available…
“We’re missing a part of the liquidity picture that ETF options would provide.” – Matt Hougan, chief investment officer of Bitwise
The proposed Nasdaq Bitcoin Index Options track the CME CF Bitcoin Real-Time Index. This index is developed by CF Benchmarks to reflect bitcoin futures and options contracts on the exchange operated by CME Group.