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SEC approves Nasdaq's cash-settled bitcoin index options, pending CFTC clearance.

Market News
23 May 2026
Bitcoin
View Source
Bullish
pluang ai news

The SEC has approved Nasdaq to list cash-settled bitcoin index options (QBTC) on the Philadelphia Stock Exchange, allowing institutional investors regulated bitcoin exposure without custody risks. These European-style options settle in cash based on the Nasdaq Bitcoin Index, avoiding physical bitcoin transfer and early assignment risks. However, trading cannot start until the Commodity Futures Trading Commission (CFTC) grants exemptive relief, as bitcoin is classified as a commodity. The approval reflects a regulatory shift under SEC Chairman Paul Atkins, but CFTC staffing issues may delay the next step.

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