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Nasdaq Seeks SEC Approval for Bitcoin Index Options

Scott Liu

Summary: Nasdaq is seeking approval from U.S. regulators to launch Bitcoin index options, offering institutional investors a new way to hedge their Bitcoin exposure. Announced on August 27, the proposed options would be based on the CME CF Bitcoin Real-Time Index, which tracks Bitcoin futures and options contracts on CME Group’s platform. Bitwise CIO Matt Hougan ...

Nasdaq is seeking approval from U.S. regulators to launch Bitcoin index options, offering institutional investors a new way to hedge their Bitcoin exposure. Announced on August 27, the proposed options would be based on the CME CF Bitcoin Real-Time Index, which tracks Bitcoin futures and options contracts on CME Group’s platform.

Bitwise CIO Matt Hougan highlighted that Bitcoin options would fill a crucial gap in liquidity, helping to normalize the asset class for institutional investors. This move comes as BlackRock’s spot Bitcoin ETF saw significant inflows, signaling strong investor interest despite market fluctuations.

The SEC has yet to approve options tied to Bitcoin ETFs, including Nasdaq’s application to trade options on BlackRock’s iShares Bitcoin Trust.

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