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Nasdaq and CF Benchmarks Collaborate to Launch CME CF Bitcoin Reference Rate

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2024-08-27 12:44:12
Nasdaq, in partnership with CF Benchmarks, today announced an application to the Securities Exchange Commission to list and trade options on the Nasdaq Bitcoin Index (XBTX). Upon regulatory approval, investors will be able to manage positions and hedge investments in cryptocurrencies through options, further enhancing the maturity and liquidity of the asset class.
Pending regulatory approval, the index option will track the bitcoin price represented by the CME CF Bitcoin Real Time Index (BRTI). The product is designed to provide institutional and retail market participants with an important risk management tool. Calculations of the index are performed every second of every day by aggregating bitcoin-dollar order data from leading cryptocurrency exchanges that meet specific criteria.
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