ChainCatcher report, according to Bloomberg, the U.S. SEC has approved the listing of Bitcoin price-based index options on Nasdaq. The product is a European-style option, benchmarked against the CME Bitcoin Real-Time Index, settled in cash, allowing investors to directly bet on or hedge against Bitcoin price fluctuations in the stock market without holding Bitcoin or a Bitcoin ETF. The product still requires approval from the U.S. Commodity Futures Trading Commission before its official listing.
Nasdaq Receives SEC Approval for Bitcoin Index Options
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Summary
Bitcoin news broke on Thursday as the U.S. SEC approved Nasdaq’s application to list Bitcoin price index options. The product is a European-style option based on the CME Bitcoin Real-Time Index, settled in cash. It allows investors to hedge or speculate on Bitcoin price movements in the stock market without owning Bitcoin or a Bitcoin ETF. The product still requires approval from the U.S. Commodity Futures Trading Commission before listing.
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