Bitcoin Trading Enters New Era With SEC-Approved Nasdaq Index Options
Bitcoin Trading Enters New Era With SEC-Approved Nasdaq Index Options
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The SEC has approved Nasdaq index options for Bitcoin trading, signaling a new era for institutional involvement. Despite this landmark approval, actual trading is pending further exemptive relief from the Commodity Futures Trading Commission (CFTC), as Bitcoin is classified as a commodity under its jurisdiction.
Bitcoin Trading Enters New Era With SEC-Approved Nasdaq Index Options
Trading in the new Bitcoin index options will not begin right away. The SEC approval does not automatically open the door — the Commodity Futures Trading Commission must still grant its own exemptive relief before any contracts change hands on the exchange, because Bitcoin is classified as a commodity and falls under the CFTC’s jurisdiction.