# SEC approves Nasdaq PHLX to list cash settled Bitcoin index options under ticker QBTC, tied to CME CF Bitcoin Real Time Index, with launch expected no earlier than late 2026.

*fintech · news · 2026-05-26 · CNBC TV18*

## Key points

- The SEC has approved Nasdaq PHLX to list cash-settled Bitcoin index options under ticker QBTC.
- QBTC options will track the CME CF Bitcoin Real-Time Index, using pricing from multiple exchanges.
- Each QBTC contract will represent one Bitcoin, smaller than CME's five-Bitcoin options contract.
- The options' launch is expected no earlier than late 2026, pending further regulatory approvals.

**Companies:** Nasdaq
**Countries:** United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/cryptocurrency/nasdaq-sec-nod-bitcoin-index-options-what-means-for-crypto-investors-ws-el-19913225.htm)

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