![Nasdaq Pushing for SEC To Approve Launch of Bitcoin Index Options: Report Nasdaq Pushing for SEC To Approve Launch of Bitcoin Index Options: Report](https://dailyhodl.com/wp-content/uploads/2022/12/btc-To-Explode-by.jpg?w=1024)
Nasdaq Pushing for SEC To Approve Launch of Bitcoin Index Options: Report
The world’s first electronic stock exchange is asking the top US securities regulator to approve Bitcoin (BTC) index options.
According to a new report from Reuters, Nasdaq is seeking approval from the U.S. Securities and Exchanges Commission (SEC) to list a Nasdaq Bitcoin Index Options (XBTX) product.
The SEC has not yet approved options based on any of the spot BTC exchange-traded funds (ETFs) that launched in January. This includes an application from Nasdaq to trade options on BlackRock’s $21.3 billion iShares Bitcoin Trust ETF.
Says chief investment officer of crypto exchange Bitwise, Matt Hougan,
“It’s important for options on bitcoin to be available for this asset class to be fully normalized.
We’re missing a part of the liquidity picture that ETF options would provide.”
Options are derivative contracts giving the holder the right to buy or sell an underlying asset at a certain price and timeframe. They aim to serve as a tool for traders seeking leverage and risk management.
According to the report, applications for Bitcoin ETF options began pouring in after the SEC approved spot BTC ETFs in January 2024. Recently, though, several exchanges have withdrawn and resubmitted their applications to address comments from the SEC.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
![](https://howdybitcoin.com/wp-content/uploads/2024/08/Get-Alerts-728x90-373.png)
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Philipp Tur
The post Nasdaq Pushing for SEC To Approve Launch of Bitcoin Index Options: Report appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff