The well-known American stock market Nasdaq wants to add Bitcoin index options and is asking U.S. officials for permission to do so. As trade in coins grows, this is a big step forward. Nasdaq said on August 27 that these choices would be available. This would give traders and big users of Bitcoin one more way to manage their risk.
People would be able to lower their risks and make more money if Bitcoin index options were available. These are money-making tools that let traders buy or sell stocks, indexes, or ETFs at a set price and on a certain date. This list of Bitcoin index choices is based on the CME CF Bitcoin Real-Time Index. People who buy and sell Bitcoin futures and options on the CME Group-run trading site use this standard to keep track of them.
The U.S. Securities and Exchange Commission (SEC) has not yet approved any options that are linked to spot Bitcoin ETFs. BlackRock runs the iShares Bitcoin Trust (IBIT) ETF, and Nasdaq asked to be able to trade options on it. A growing number of people want these things, which are seen as necessary for Bitcoin to fully join the rest of the financial world, even though they are against the law.
Nasdaq’s plans were made public at the same time that there was a clear increase in activity related to Bitcoin ETFs. On August 26, $224.1 million was put into BlackRock’s spot Bitcoin ETF. This was the most in a single day in over a month. A lot of people are interested in the market, as shown by the big rise in purchases. Investors may be making money off of the latest price changes for Bitcoin.
As more people become interested in Bitcoin and other digital assets, Nasdaq’s suggestions for Bitcoin indexes could help the market grow and become more open. These options are part of Nasdaq’s plan to give both large and small buyers better tools for managing their investments in the world of digital assets, which changes quickly.
