SEC approves Bitcoin index options on Nasdaq exchange
The SEC has approved Nasdaq to list Bitcoin index options on the exchange. The contracts will trade under the ticker QBTC on Phlx, with a minimum increment of $0.01.
The options have a position limit of 24,000 contracts per side, equivalent to roughly 0.12% of Bitcoin’s outstanding supply.
Trading cannot begin until the Commodity Futures Trading Commission grants its own exemptive relief due to Bitcoin’s classification as a commodity.