SEC Approves Nasdaq Bitcoin Index Options
Cointelegraph
The SEC has approved Nasdaq to list cash-settled Bitcoin index options, pending final regulatory clearance from the Commodity Futures Trading Commission.Summary
The U.S. Securities and Exchange Commission has approved a proposal from Nasdaq to list cash-settled Bitcoin index options on the Philadelphia Stock Exchange. These European-style contracts track the Nasdaq Bitcoin Index, providing traders with an alternative method to speculate on Bitcoin prices without physical asset delivery. While the SEC has granted approval, the options cannot begin trading until the Commodity Futures Trading Commission provides necessary exemptive relief, given Bitcoin's classification as a commodity.
(Source：Cointelegraph)