NASDAQ根據CME CF比特幣實時索引提出了比特幣索引選項

這些現金選擇的期權將徹底改變零售和機構投資者如何使用比特幣。

Nasdaq is planning to introduce Bitcoin Index Options on the Nasdaq PHLX exchange, according to a new filing with the Securities and Exchange Commission (SEC) on March 21. These options will be cash-settled and will provide both retail and institutional investors with a way to gain exposure to Bitcoin without having to directly hold the digital asset.

根據向美國證券交易委員會（SEC）（SEC）提交的新文件，納斯達克計劃在納斯達克PHLX交易所（SEC）上引入比特幣指數期權。這些期權將是現金選擇的，並將為零售和機構投資者提供一種方式。為了獲得比特幣的暴露而無需直接持有數字資產。

The Nasdaq Bitcoin Index Options will be based on the CME CF Bitcoin Real Time Index (BRTI), which aggregates Bitcoin trading data from various major exchanges. This index is regulated under the UK’s Financial Conduct Authority (FCA) as part of the EU’s Benchmark Regulation. The options will allow investors to trade Bitcoin without the need to hold physical Bitcoin, offering an efficient way to speculate on Bitcoin’s price.

NASDAQ比特幣指數選項將基於CME CF比特幣實時指數（BRTI），該指數（BRTI）匯總了來自各種主要交易所的比特幣交易數據。作為歐盟基準法規的一部分，該指數受英國金融行為管理局（FCA）的監管。這些選項將使投資者無需持有物理比特幣，提供一種有效的方式來推測比特幣的價格。

Moreover, these options will be cash-settled, with the final settlement value based on the CME CF Bitcoin Reference Rate New York Variant (BRRNY). BRRNY reflects the closing prices of Bitcoin in USD from major exchanges and will be published daily at 4:00 PM New York time. Nasdaq expects this new product to attract investors seeking a secure and regulated instrument to trade Bitcoin price movements.

此外，這些選項將被現金分配，最終結算價值基於CME CF比特幣參考率紐約變體（BRRNY）。 Brrny反映了大型交易所以USD中比特幣的收盤價，並將在紐約時代下午4:00發布。納斯達剋期望這一新產品吸引尋求安全且受監管的工具來交易比特幣價格變動的投資者。

Phlx aims to implement this new product in a manner that aligns with existing index options listed on the exchange. Phlx also proposes rules that would govern the trading of Nasdaq Bitcoin Index Options such as trading hours, settlement, and position limits. The proposal highlights that the Nasdaq Bitcoin Index Options will use a minimum price increment of $0.01 and will have a $100 multiplier for settlement.

PHLX的目的是以與交易所中列出的現有索引選項保持一致的方式實施此新產品。 PHLX還提出了規則，該規則將管理納斯達克比特幣指數選項的交易，例如交易小時，結算和職位限制。該提案強調，納斯達克比特幣指數選項將使用最低價格增長0.01美元，並將具有100美元的乘數用於結算。

The exchange’s decision to introduce this product is part of an ongoing effort to expand its offerings in cryptocurrency-related financial instruments. This move comes after previous regulatory approvals for other cryptocurrency-based products, such as Bitcoin futures and exchange-traded products (ETPs). The Nasdaq Bitcoin Index Options are designed to complement these products and offer an alternative exposure to Bitcoin without the need for direct ownership.

交易所推出該產品的決定是持續努力擴展其在與加密貨幣相關的金融工具中的努力的一部分。此舉是在先前對其他基於加密貨幣的產品（例如比特幣期貨和交易所交易產品（ETP））的監管部門批准之後進行的。納斯達克比特幣指數選項旨在補充這些產品，並在無需直接所有權的情況下提供了對比特幣的替代風險。

The SEC is yet to provide a final approval but has opened a public participation period for the proposed rule change. Interested parties can submit feedback on the proposal before a final decision is made. If approved, this new option would represent a major step forward in the mainstream adoption of cryptocurrency-based financial products within regulated markets.

SEC尚未提供最終批准，但已經為擬議的規則更改開設了公眾參與期。有興趣的各方可以在做出最終決定之前就提案提交反饋。如果獲得批准，這種新選擇將代表主流採用受監管市場中基於加密貨幣的金融產品的重要一步。