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

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

2026-05-24 08:37

ChainThink News, 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 ticker symbol QBTC.

The product is a European-style option linked 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 Bitcoin spot price and the strike price upon 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.

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

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

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

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