Nasdaq collaborates with CF Benchmarks to submit an application to the SEC, planning to launch Nasdaq Bitcoin Index Options

PANews reported on August 27, according to GlobeNewswire, Nasdaq has collaborated with CF Benchmarks and submitted an application to the U.S. Securities and Exchange Commission (SEC) planning to launch the Nasdaq Bitcoin Index Option (XBTX). This option will be based on the CME CF Bitcoin Real Time Index (BRTI), providing market participants with tools for managing cryptocurrency investments and hedging risks. The collaboration aims to promote maturity and liquidity in digital asset markets by combining traditional securities market stability with cryptocurrency innovation. In addition, XBTX will adopt European-style exercise and cash settlement mechanisms, further enhancing market transparency and investor confidence.