On May 23, Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) has approved Nasdaq to launch index options based on Bitcoin prices. The report states that this product will provide U.S. stock market traders with a new type of Bitcoin price exposure tool, in addition to spot Bitcoin ETF options. Investors will be able to trade and hedge against BTC prices through Bitcoin index options without directly holding spot or ETF. The market views this approval as a further indication of the accelerating integration between traditional financial markets and the crypto asset system. Previously, spot Bitcoin ETF options, such as those from BlackRock's iShares Bitcoin Trust (IBIT), have been widely traded.
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