1. Development of Nasdaq Bitcoin Index Options
2. CF Benchmarks Support for New Nasdaq BTC Options
3. Key Role of SEC in Nasdaq BTC Options Integration

Nasdaq has filed an application with the SEC to list and trade Bitcoin Index Options XBTX in partnership with CF Benchmarks, aiming to offer investors better ways of managing their BTC exposure.

Development of Nasdaq Bitcoin Index Options

This is a significant development in Nasdaq's efforts to extend the digital asset market. The new Bitcoin Index Options will be based on the CME CF Bitcoin Real-Time Index and a European-style exercise. The cash settlement will be done using the CME CF Bitcoin Reference Rate—New York Variant (BRRNY). These options suit both institutional and retail investors, providing an effective risk management instrument.

CF Benchmarks Support for New Nasdaq BTC Options

Working with CF Benchmarks, known for its regulated benchmarks, will help bolster Nasdaq's standing in the digital assets market. CF Benchmarks will support the new options, adding them to existing BTC futures and options contracts, offering investors a more diverse way of investing.

Key Role of SEC in Nasdaq BTC Options Integration

Nasdaq seeks to enhance the stability and liquidity of the Bitcoin market and increase investor confidence by adding Bitcoin Index Options. This aligns with Nasdaq's mission of offering trusted technology solutions and promotes the development of the digital assets market.

SEC approval of Bitcoin Index Options will be a significant step in further integrating Bitcoin into institutional settings. This will strengthen trust in the cryptocurrency market and create a bridge between classical finance and digital assets.