Institutional investors and traders seek an alternative way to hedge their exposure to the world’s largest cryptocurrency
Nasdaq is seeking the green light from regulators to launch and trade options on a bitcoin index, the exchange operator said on Tuesday.
The proposed index options - listed derivatives offering a quick and inexpensive way to amplify exposure to bitcoin - on a bitcoin index would give institutional investors and traders an alternative way to hedge their exposure to the world’s largest cryptocurrency. Options are listed derivatives that give the holder the right to buy or sell an asset, such as a stock or exchange-traded product, at a predetermined price by a set date. They offer traders a cheap way to amplify their purchasing power, while institutional investors use them to hedge risk.
While waiting for regulators to approve or deny options on the new spot bitcoin ETFs, traders have turned to other products, such as recently-launched leveraged ETFs tied to bitcoin and options on those funds.
Way Options Exposure Nasdaq Option Index Sec CME Group Blackrock Nasdaq
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