SEC Approves Nasdaq's Listing of Bitcoin Index Options

The Securities and Exchange Commission (SEC) has given its green light for Nasdaq to list index options based on the price of Bitcoin. This move signifies another significant step towards integrating digital assets into the traditional financial market.

The new instruments will provide US equities traders with an alternative way to speculate on the price of Bitcoin, beyond existing options on ETFs and similar funds. The approval is conditional and still requires a final sign-off from the Commodity Futures Trading Commission (CFTC).

The underlying index for the new options will be the CME CF Bitcoin Real Time Index, which updates with data from cryptocurrency exchanges every 200 milliseconds.