The SEC has conditionally approved the listing of cash-settled, European-style Bitcoin index options (QBTC) on Nasdaq PHLX, pending CFTC approval. QBTC is based on the CME CF Bitcoin Real-Time Index, settled in U.S. dollars, with each contract representing one Bitcoin—lower than CME’s five-Bitcoin contracts—aiming to provide smaller institutions and retail investors with more accessible hedging and volatility trading options.
Nasdaq PHLX Receives Conditional Approval for Bitcoin Option QBTC
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Summary
Bitcoin breaking news: The SEC has conditionally approved Nasdaq PHLX to list cash-settled, European-style Bitcoin index options QBTC, subject to CFTC approval. QBTC is based on the CME CF Bitcoin Real-Time Index, settled in USD, with each contract representing 1 Bitcoin. The contract size is smaller than CME’s 5 Bitcoin per contract, designed to provide small institutions and retail investors with more accessible hedging and volatility trading opportunities. Bitcoin news continues to evolve with this development.
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