SEC approves Nasdaq to list Bitcoin index options on the exchange
The SEC has approved Nasdaq's proposal to list cash-settled Bitcoin index options on the Philadelphia Stock Exchange. These options will trade under the ticker QBTC and are tied to the Nasdaq Bitcoin Index. However, trading cannot commence until the CFTC grants its approval due to Bitcoin's classification as a commodity.
- ▪The options are European-style contracts that do not involve physical Bitcoin.
- ▪The SEC's approval was granted on an accelerated basis and published on its website.
- ▪The contracts will have a minimum increment of $0.01 and a position limit of 24,000 contracts per side.
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Written by Amin Haqshanas, Staff Writer. Reviewed by Bryan O'Shea, Staff Editor. Written by Amin Haqshanas, Staff Writer. Reviewed by Bryan O'Shea, Staff Editor. SEC approves Nasdaq to list Bitcoin index options on the exchangeLatest NewsPublishedMay 23, 2026The cash-settled, European-style contracts will trade under the ticker QBTC on Phlx, but still require CFTC approval before trading can begin.The Securities and Exchange Commission has approved Nasdaq’s proposal to list cash-settled Bitcoin index options on the Philadelphia Stock Exchange.The options are European-style contracts tied to the Nasdaq Bitcoin Index, a benchmark that tracks one one-hundredth of the CME CF Bitcoin Real Time Index, which updates with data from major cryptocurrency exchanges every 200 milliseconds.
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