Nasdaq, in partnership with CF Benchmarks, today announced the filing of an application with the U.S. Securities and Exchange Commission to list and trade Nasdaq Bitcoin Index Options (XBTX). Subject to regulatory approval, investors will be able to manage positions and hedge investments in cryptocurrencies through options, further increasing the maturity and liquidity of this asset class. Pending regulatory approval, the index options will track the price of Bitcoin represented by the CME CF Bitcoin Real-Time Index (BRTI). The product is designed to provide an important risk management tool for institutional and retail market participants. The index calculation is performed every second of every day by aggregating Bitcoin-USD order data from leading cryptocurrency exchanges that meet specific criteria.