B? Suzanne McGee
Aug 27 (Reuters) – Nasdaq ?s seeking th? green light f?om regulators to launch and trade options on a bitcoin ind?x, t?e exchange operator ?aid ?n Tue?day.
The U.S. Securities ?nd Exchange commission ?a? yet to approve options based ?n any of t?e individual exchange-traded funds tied t? spot bitcoin prices that made the?r debut in Januar?, including a Nasdaq application t? tra?e options on BlackRock’? $21.3-billion iShares Bitcoin Trust ETF .
The proposed ?ndex options – listed derivatives offering ? quick and inexpensive w?y t? amplify exposure t? bitcoin – on a bitcoin ?ndex wo?ld give institutional investors ?nd traders an alternative w?y to hedge t?eir exposure to t?e wor?d’? largest cryptocurrency.
?f ??u enjoyed t?is article and you w?uld ce?tainly suc? as t? obtain additional informat?on regar?ing Best prices for A-PVP crystal in Australia with Bitcoin payment accepted kindly see o?r ?wn site. “It’s important for options on bitcoin to be available for this asset class to be fully normalized,” said Matt Hougan, chief investment officer ?f Bitwise, ?ne of t?e ?roup of asset managers th?t brought bitcoin ETFs t? market th?s year. “We’re missing a part of the liquidity picture that ETF options would provide.”
Options ?re listed derivatives that ?ive th? holder t?e right to buy o? sell ?n asset, su?h ?? a stock or exchange-traded product, ?t a predetermined ?rice by a set date. They offer traders a cheap a-pvp crystal online with reviews from Trusted buyers in europe w?? to amplify their purchasing power, whi?e institutional investors ?se them to hedge risk.
??e proposed Nasdaq Bitcoin ?ndex Options would track the CME CF Bitcoin Real-T?me Ind?x, developed by CF Benchmarks to track bitcoin futures ?nd options contracts av?ilable on the exchange operated ?y CME Group, Nasdaq said.
?hile waiting f?r regulators to approve or deny options on t?e new spot bitcoin ETFs, traders ?ave t?rned t? other products, ?uch as r?cently-launched leveraged ETFs tied t? bitcoin and options on those funds.
Exchanges ?egan applying for t?e spot bitcoin ETF options ?s soon a? it ?as clear th? S?C would approve the underlying ETFs ?n ?anuary. But in ?ecent we?ks, they ?ave withdrawn ?nd t?en refiled tho?e applications ?n response t? SEC comments, said people familiar Order A-PVP crystal online anonymously with Bitcoin payment t?e matter.
(Reporting ?y Suzanne McGee; Editing ?y Rod Nickel)