SEC Reviews Nasdaq’s Proposal to List Bitcoin Index Options

SEC Begins Review of Nasdaq Bitcoin Index Options ProposalAccording to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) has initiated a review of Nasdaq PHLX’s proposal to list and trade Bitcoin index options. If approved, the move could mark a significant expansion in the availability of regulated crypto derivatives in U.S. markets.The proposed product, referred to as NasdaqBitcoinProposal, would enable trading of options contracts based on a Bitcoin index, similar to existing equity and ETF-based options already available on traditional exchanges.