SEC Clears Nasdaq Bitcoin Options as CFTC Review Still Looms
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The SEC has cleared Nasdaq’s cash-settled, European-style Bitcoin index options (QBTC) tied to the Nasdaq Bitcoin Index — a benchmark based on the CME CF Bitcoin Real Time Index divided by 100 that updates every 200 milliseconds using price data from major crypto exchanges. The contracts offer regulated Bitcoin price exposure without physical delivery and were approved on an accelerated basis, but trading still awaits CFTC clearance amid policy shifts under new SEC Chair Paul Atkins.
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- SEC approved Nasdaq’s cash-settled Bitcoin index options, while CFTC clearance remains.
- QBTC options give Bitcoin price exposure without direct ownership or physical delivery.
- SEC cited shared CFTC oversight as crypto policy shifts under new Chairman Paul Atkins.
The SEC has cleared Nasdaq’s request to launch cash-settled Bitcoin index options on the Philadelphia Stock Exchange. The product offers regulated exposure to Bitcoin price movements, but it still needs approval from the CFTC before trading could begin.
The European-style contracts are linked to the Nasdaq Bitcoin Index. The benchmark is based on the CME CF Bitcoin Real Time Index divided by 100.
Nasdaq Bitcoin Options Await CFTC Clearance
The index updates every 200 milliseconds. It uses price data from major cryptocurrency exchanges. However, the SEC granted approval on an accelerated basis.
…Read The Full Article SEC Clears Nasdaq Bitcoin Options as CFTC Review Still Looms On Coin Edition.
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