Nasdaq has officially filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options, marking a significant step toward expanding the cryptocurrency market.

If approved, these options will allow institutional and retail investors to hedge their Bitcoin exposure and manage risks more effectively, following the CME CF Bitcoin Real-Time Index​.

The move aligns Nasdaq with its competitor, the New York Stock Exchange, which also aims to offer Bitcoin-related derivatives.

The options will be cash-settled and provide an alternative tool for investors, enabling them to leverage their positions in the volatile cryptocurrency market. According to Greg Ferrari, Vice President and Head of Exchange Business Management at Nasdaq, this development will contribute to the maturation of digital assets.

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