Nasdaq, a prominent American stock exchange operator, is seeking US regulators’ approval to introduce options based on a Bitcoin index.
The suggested Bitcoin Index Options will utilize the CME CF Bitcoin Real-Time Index (BRTI), created by CF Benchmarks. This index follows BTC futures and options contracts on the CME Group’s platform. If authorized, the available choices will encompass European-style exercise and cash settlement.
The ultimate settlement value will be determined by the CME CF Bitcoin Reference Rate—New York Variant (BRRNY). This decision is in line with the overall trend of institutions adopting digital assets and is consistent with the innovative crypto industry and the strong performance of traditional securities markets.
Simultaneously, there has been a notable increase in investments in BlackRock’s spot Bitcoin ETF, IBIT, with a net inflow of $224.1 million on August 26. This indicates that investors are capitalizing on a small decrease in Bitcoin prices.
Nasdaq’s submission to the SEC highlights its dedication to promoting the development of the Bitcoin ecosystem, with a particular emphasis on fostering trust, transparency, and safeguarding the interests of investors.
