Nasdaq Seeks SEC Approval for Bitcoin Index Options

The proposal aims to provide investors with tools to manage and hedge their Bitcoin investments.

Nasdaq has submitted a request to the SEC to launch Bitcoin index options, following a similar move by NYSE.
The proposed options would help investors hedge their positions and manage risks associated with Bitcoin investments.
CF Benchmarks will manage the index underpinning the Nasdaq Bitcoin Index Options, tracking the CME CF Bitcoin Real-Time Index.
Options for spot Bitcoin ETFs have not yet been approved by the SEC, despite pressure from lawmakers and institutional players.
Nasdaq's initiative is seen as a significant step towards integrating digital assets with traditional financial markets.