{"id":136324,"date":"2024-08-27T18:39:01","date_gmt":"2024-08-27T15:39:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136324"},"modified":"2024-08-27T18:39:01","modified_gmt":"2024-08-27T15:39:01","slug":"nasdaq-seeks-approval-to-launch-groundbreaking-bitcoin-index-options","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/nasdaq-seeks-approval-to-launch-groundbreaking-bitcoin-index-options\/","title":{"rendered":"Nasdaq Seeks Approval to Launch Groundbreaking Bitcoin Index Options"},"content":{"rendered":"

The U.S. Securities and Exchange Commission (SEC) has not yet authorized options tied to individual exchange-traded funds (ETFs) that track spot Bitcoin prices<\/a><\/strong>, including Nasdaq\u2019s application to trade options on BlackRock\u2019s $21.3 billion iShares Bitcoin Trust ETF.<\/p>\n

These proposed index options, which are derivatives allowing for quick and cost-effective exposure to Bitcoin, would provide institutional investors and traders with another tool to manage their exposure to the leading cryptocurrency. Matt Hougan, Chief Investment Officer of Bitwise, a company involved in launching Bitcoin ETFs earlier this year, emphasized the importance of having options available for Bitcoin. \u201cOptions on Bitcoin are essential for fully integrating this asset class into the market,\u201d Hougan stated. \u201cETF options would add a missing element to the liquidity landscape.\u201d<\/p>\n

Options, as listed derivatives, grant holders the right to buy or sell an asset, such as a stock or exchange-traded product, at a predetermined price by a specified date. Traders often use options to increase their purchasing power at a lower cost, while institutional investors use them as a risk management tool. Nasdaq\u2019s proposed Bitcoin Index Options would follow the CME CF Bitcoin Real-Time Index, which tracks Bitcoin futures and options contracts on the CME Group (CME.O) exchange, Nasdaq explained.<\/p>\n