Nasdaq Requests SEC Approval for Launching Bitcoin Index Options
Nasdaq has filed with the SEC to list and trade Bitcoin Index Options (XBTX), aiming to offer new tools for managing cryptocurrency investments.
Developed in partnership with CF Benchmarks, these options will use the CME CF Bitcoin Real-Time Index (BRTI) and feature European-style exercise and cash settlement, pending regulatory approval. Nasdaq’s initiative seeks to enhance market maturity and liquidity for both institutional and retail investors. The final settlement value will be based on the CME CF Bitcoin Reference Rate – New York Variant (BRRNY).
Greg Ferrari of Nasdaq and Sui Chung of CF Benchmarks emphasize the significance of this move in integrating digital assets with traditional financial markets.
Clever Robot News Desk 29th August 2024
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