Nasdaq is seeking approval from the SEC to list and trade Bitcoin index options, Reuters reported.
The Nasdaq Bitcoin Index Options (XBTX) to be listed will track the CME CF Bitcoin Realtime Index.
Accordingly, Nasdaq, in partnership with CF Benchmarks, has filed an application with the SEC to list and trade Nasdaq Bitcoin.
If approved, these Bitcoin options would become the first cryptocurrency derivatives to be cleared by the U.S. Options Clearing Corporation (OCC).
“This collaboration brings together the innovative crypto landscape with the resilience and reliability of traditional securities markets and will be a significant milestone in expanding the maturity of the digital asset market,” said Greg Ferrari, Nasdaq Vice Chairman.
According to CF Benchmarks CEO Sui Chung, Bitcoin options will build on existing futures and options contracts offered by CME and complement spot Bitcoin ETF trading.
“These regulated crypto derivatives will give investors the confidence to access the largest digital asset in more granular ways and complement spot ETFs that are already very popular among investors,” Chung said.
*This is not investment advice.
