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- Nasdaq (NASDAQ:NDAQ), in partnership with CF Benchmarks, filed with the U.S. Securities and Exchange Commission to list and trade Nasdaq Bitcoin Index Options (XBTX), which, if approved, will help investors manage positions and hedge investments in crypto through options, the company said on Tuesday.
- Pending regulatory approval, the index options will track the price of bitcoin as represented by the CME CF Bitcoin Real-Time Index, offering investors a risk management tool. The calculations of the index are executed every second of every day by aggregating bitcoin-USD (BTC-USD) order data from leading cryptocurrency exchanges meeting the specific criteria.
- “This collaboration further combines the innovative crypto landscape with the resiliency and reliability of traditional securities markets and would mark a significant milestone for expanding the maturation of the digital assets market,” said Greg Ferrari, vice president and head of Exchange Business Management at Nasdaq (NDAQ).
- Nasdaq (NDAQ) stock increased 0.2% in Tuesday morning trading. Bitcoin (BTC-USD) dropped 1.9% to $62.1K.