Nasdaq Plans to Launch Bitcoin Index Options

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Nasdaq and joined by CF Benchmarks have submitted a filing to the SEC to list and trade Nasdaq Bitcoin Index Options (XBTX).

If regulatory approval is granted, investors will have access to options that follow the underlying asset through the CME CF Benchmarks Bitcoin Real-Time Index (BRTI), allowing them to manage and protect their Bitcoin investments.

These Bitcoin options would be the first cryptocurrency derivatives to be approved by the U.S. Options Clearing Corporation (OCC).

According to Nasdaq Vice President and Head of Exchange Business Management Greg Ferrari, this partnership combines the pioneering crypto landscape with the robustness and dependability of traditional securities markets, marking a significant step forward in the development of the digital assets market.

Nasdaq’s Bitcoin options offer European-style exercise and cash settlement.