fintech / news / / CryptoSlate
The SEC approved Nasdaq PHLX's proposed rule change to list Nasdaq Bitcoin Index Options.
The SEC approved Nasdaq PHLX to list cash-settled Bitcoin index options under ticker QBTC.
KEY POINTS
- 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
Summarized by Newsio from CryptoSlate. How we summarize →