Nasdaq PHLX gets conditional approval for Bitcoin options
Nasdaq PHLX has received conditional approval to list cash-settled, European-style Bitcoin index options under the ticker QBTC.
The options will be settled in U.S. dollars and track the CME CF Bitcoin Real Time Index.
Each QBTC contract represents exposure to 1 bitcoin, aiming to make hedging and volatility trading more accessible to smaller institutions and retail investors.