Nasdaq Bitcoin Index Options Approved by SEC, Still Require CFTC Exemption to Launch Trading

Nasdaq Bitcoin Index Options Approved by SEC, Still Require CFTC Exemption to Launch Trading

2026-05-24 08:37

ChainThink report, May 24: According to FinanceFeeds, the U.S. Securities and Exchange Commission (SEC) has approved Nasdaq's listing of cash-settled Bitcoin index options on the Philadelphia Stock Exchange, with the trading symbol QBTC.

The product is a European-style option tied to the Nasdaq Bitcoin Index, tracking one-hundredth of the CME CF Bitcoin Real-Time Index, with reference prices updated every 200 milliseconds. It employs cash settlement, where holders receive the difference between the spot Bitcoin price and the strike price at expiration, without physical delivery.

The SEC also stipulates that the minimum trading unit is $0.01, with a single-side position limit of 24,000 contracts, equivalent to approximately 0.12% of Bitcoin’s circulating supply.

As Bitcoin is classified as a commodity in the United States, this product still requires exemption approval from the Commodity Futures Trading Commission (CFTC) before it can commence official trading.

This SEC approval is part of a series of initiatives led by SEC Chair Paul Atkins to bring the crypto market into formal regulatory frameworks.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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