$NOT Lowering and raising trading data and manipulation is not in everyone's interest. This currency will become a thing of the past and no one will enter it anymore. How does Binance allow all this shameful manipulation of this currency?
Nasdaq is awaiting a decision from the U.S. Securities and Exchange Commission (SEC) on its application to offer options trading on bitcoin indexes. The exchange operator announced its intention on Tuesday, signaling a potential expansion of cryptocurrency-related products into financial markets.
The SEC has yet to approve options for any exchange-traded funds (ETFs) that are tied to spot bitcoin prices, which includes Nasdaq’s previous application to list options on BlackRock’s iShares Bitcoin Trust ETF, a fund with $21.3 billion in assets.
The proposed bitcoin index options would provide institutional investors and traders with a new tool to hedge their exposure to bitcoin. The options are designed to be a cost-effective way to manage risk or enhance market exposure without owning the asset directly.
The chief investment officer at Bitwise Asset Management, who is also the chief investment officer at Bitwise Asset Management, emphasized the importance of options in the cryptocurrency market, saying: “It is important that options on bitcoin are available until this asset class is fully normalized. We are missing part of the liquidity picture that ETF options would provide.”
Options are financial derivatives that give the right, but not the obligation, to buy or sell an asset at a specified price within a certain time frame. They are typically used to speculate on price movements or to hedge against potential losses in other investments.
The Nasdaq Bitcoin options will be linked to the real-time CME CF Bitcoin Index, which is based on bitcoin futures and options contracts traded on the CME Group platform.
As the U.S. Securities and Exchange Commission deliberates on whether to approve spot bitcoin ETF options, traders have sought alternative investment vehicles, such as leveraged bitcoin ETFs and options on those funds. In response to the SEC’s comments, exchanges have withdrawn and resubmitted their applications for spot bitcoin ETF options in recent weeks, according to people familiar with the matter.