Nasdaq's Proposal for Bitcoin ETF Options
Nasdaq has taken a significant step to enhance investor exposure to cryptocurrency by seeking permission from federal regulators to offer spot Bitcoin ETF-based options. This request, submitted to the U.S. Securities and Exchange Commission (SEC), aims to introduce the Nasdaq Bitcoin Index Options, abbreviated as XBTX. These options are designed to allow investors to manage positions and hedge Bitcoin investments effectively, according to Nasdaq's statement. The potential introduction of these options is seen as a catalyst for broader adoption of crypto assets.
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