納斯達克尋求在新的比特幣指數上引入和交易選擇權

這裡提出的比特幣指數選擇權將為機構投資者和交易者創造一種有效的手段來對沖比特幣風險。

Nasdaq filed an application with the US Securities and Exchange Commission (SEC) to launch and trade options on a new Bitcoin index, the exchange operator announced on Tuesday.

納斯達克交易所營運商週二宣布，該交易所向美國證券交易委員會（SEC）提交了一份申請，旨在推出新的比特幣指數並進行選擇權交易。

The SEC has yet to approve options for any of the spot Bitcoin exchange-traded funds (ETFs) that have launched this year, including Nasdaq’s application for options on BlackRock’s iShares Bitcoin Trust ETF, which has an NAV of $21.3 billion.

美國證券交易委員會尚未批准今年推出的任何現貨比特幣交易所交易基金(ETF) 的選擇權，包括納斯達克申請的貝萊德iShares 比特幣信託ETF 的選擇權，該基金的資產淨值為213 億美元。

Matt Hougan Pushes for Bitcoin Options to Enhance Market Efficiency

Matt Hougan 推動比特幣選擇權以提高市場效率

The Bitcoin index options proposed would allow institutional investors and traders to hedge their bitcoin exposure more efficiently. These index options, which are exchange-listed derivatives, would allow investors to either protect or amplify their exposure to bitcoin, the largest cryptocurrency by market capitalization.

擬議的比特幣指數選擇權將允許機構投資者和交易者更有效地對沖他們的比特幣風險。這些指數選擇權是在交易所上市的衍生性商品，將允許投資者保護或擴大其對比特幣（市值最大的加密貨幣）的曝險。

Speaking on the availability of options, Bitwise’s chief investment officer Matt Hougan said that options are needed to bring the crypto market to the next level of standardization and efficiency.

在談到選擇權的可用性時，Bitwise 首席投資長 Matt Hougan 表示，需要選擇權才能將加密市場的標準化和效率提升到新的水平。

Options are a security that gives the purchaser the right, but not the obligation, to buy or sell an asset at a specified price on a specific date. Some are used by traders to increase their buying power, while others are used by institutional investors to hedge the risk in their operations.

選擇權是一種證券，賦予購買者在特定日期以特定價格購買或出售資產的權利，但沒有義務。有些被交易者用來增加他們的購買力，而有些則被機構投資者用來對沖操作的風險。

The proposed Nasdaq Bitcoin Index Options will be based on the CME CF Bitcoin Real-Time Index, which was created by CF Benchmarks to measure the value of bitcoin futures and options at the CME Group Exchange.

擬議的納斯達克比特幣指數選擇權將基於 CME CF 比特幣即時指數，該指數由 CF Benchmarks 創建，用於衡量 CME 集團交易所的比特幣期貨和選擇權的價值。

While traders await the SEC’s decision on options, they have turned to other products, such as the recently launched leveraged ETFs linked to bitcoin and options on these products. Applications for spot bitcoin ETF options were filed earlier this year in anticipation of the SEC approving the ETFs, but these applications have been recently amended following feedback from the SEC in recent weeks.

當交易者等待 SEC 對選擇權的決定時，他們已轉向其他產品，例如最近推出的與比特幣相關的槓桿 ETF 以及這些產品的選擇權。現貨比特幣 ETF 選擇權的申請於今年稍早提交，預計 SEC 會批准 ETF，但這些申請最近根據 SEC 近幾週的回饋進行了修改。