Nasdaq is moving ahead with the launch of a cash-settled Bitcoin (BTC) option under the ticker QBTC following early approval from the U.S. Securities and Exchange Commission (SEC).
The approval was announced on May 22, 2026 and supports Nasdaq PHLX, Nasdaq’s derivatives platform specializing in options and complex financial products.
but, The product still requires final approval from the Commodity Futures Trading Commission (CFTC). before officially starting operations.
QBTC options are European-style contracts and are settled in USD. That is, when it matures, The difference between the agreed upon price and the final value of the index is paid in cash.
Note that options are derivative instruments that confer rights, but not obligations. Buying or selling an asset at a specific price in the futuredescribed by CriptoNoticias. option”phone“” represents a bullish bet on price, and “option” represents a bullish bet on price.put” acts as a cover to prevent falling.
This product tracks the CME CF Bitcoin Real-Time Index (BRTI), an index that reflects price. spot Analyze Bitcoin in real time based on data from various markets.
The main difference between QBTC and other existing products is that It will operate directly within Nasdaq’s traditional infrastructure.
This will allow investors to trade BTC-linked strategies using regular brokerage accounts without having to open specific derivatives or futures accounts.
at the moment, BTC options provided by CME Group, a major US financial derivatives marketpayment in cash is also possible. However, these are based on BTC futures contracts rather than the spot price of the asset.
Additionally, CME contracts typically require more complex operating structures and significantly greater risks. Each QBTC contract represents exposure equal to 1 coin of the asset created by Satoshi Nakamoto.
By comparison, CME’s standard Bitcoin options contract is worth 5BTC, significantly increasing the minimum exposure size and making it difficult for small traders to participate.
According to Nasdaq, New format aims to ease coverage strategy Volatility trading for small institutional and individual investors.
The growth of these types of products reflects the increasing institutionalization of the Bitcoin market within Wall Street.
(Tag Translate)Bitcoin (BTC)
