# The SEC approved Nasdaq PHLX's proposed rule change to list Nasdaq Bitcoin Index Options.

*fintech · news · 2026-05-25 · CryptoSlate*

## Key points

- The SEC approved Nasdaq PHLX to list cash-settled Bitcoin index options under ticker QBTC.
- QBTC options will settle against the real-time CME CF Bitcoin Real Time Index, not ETF shares.
- Nasdaq can list QBTC only after the CFTC grants exemptive relief and OCC updates its disclosure.
- SEC-imposed limits restrict position and exercise size to 0.12% of outstanding Bitcoin supply.
- QBTC options use OCC's standard margin, clearing, and account systems, integrating with equity options infrastructure.

**Companies:** Nasdaq, OCC, Cboe
**Countries:** United States

[Read the full story on CryptoSlate](https://cryptoslate.com/nasdaq-bitcoin-index-options-sec-approval/)

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