SEC Approves Nasdaq Bitcoin Index Options, Awaiting CFTC Exemption

Chainthink

Release Time: 05/24/2026 00:44:38

BTC

$61,627.50-2.78%

Summary

On May 24, the U.S. Securities and Exchange Commission approved Nasdaq’s cash-settled Bitcoin index options for listing on the Philadelphia Stock Exchange under the ticker QBTC. The product is a European-style option linked to the Nasdaq Bitcoin Index, which tracks 1% of the CME CF Bitcoin Real-Time Index with 200-millisecond updates. The SEC set a minimum trading unit of $0.01 and a position limit of 24,000 contracts, equivalent to 0.12% of Bitcoin’s circulating supply. The product still requires a CFTC exemption to begin trading. SEC Chair Paul Atkins is advocating to bring cryptocurrency under formal regulatory oversight. Bitcoin news continues to emphasize regulatory developments.

ChainThink reports that on May 24, according to FinanceFeeds, the U.S. Securities and Exchange Commission (SEC) has approved Nasdaq to list cash-settled Bitcoin index options on the Philadelphia Stock Exchange, with the ticker symbol QBTC.

This product is a European-style option linked to the Nasdaq Bitcoin Index, which tracks one-hundredth of the CME CF Bitcoin Real-Time Index. The reference price is updated every 200 milliseconds and is settled in cash; upon expiration, the holder receives the difference between the spot price of Bitcoin and the strike price, with no physical delivery required.

The SEC also stipulates that the minimum trading unit for this option is $0.01, with a single-side position limit of 24,000 contracts, approximately 0.12% of Bitcoin’s circulating supply.

Since Bitcoin is classified as a commodity in the United States, this product must obtain an exemption from the Commodity Futures Trading Commission (CFTC) before trading can officially begin.

This SEC approval is one of a series of initiatives promoted by SEC Chairman Paul Atkins to bring the cryptocurrency market into the formal regulatory framework.

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