纳斯达克提交比特币指数期权上市和交易文件

这些期权将跟踪 CME CF 比特币实时指数代表的比特币 (BTC) 价格

Nasdaq has filed an application with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options.

纳斯达克已向美国证券交易委员会（SEC）提交了上市和交易比特币指数期权的申请。

These options will track the price of Bitcoin (BTC) as represented by the CME CF Bitcoin Real-Time Index, according to a press release. The move is set to bring greater transparency and solidity to the crypto market.

据新闻稿称，这些期权将跟踪以 CME CF 比特币实时指数为代表的比特币 (BTC) 价格。此举将为加密货币市场带来更大的透明度和稳定性。

Pending regulatory approval, this initiative will enable investors to better manage and hedge their crypto positions, ultimately enhancing liquidity and maturity within this digital asset class.

在等待监管部门批准的过程中，该举措将使投资者能够更好地管理和对冲其加密货币头寸，最终提高该数字资产类别的流动性和成熟度。

Bitcoin index options explained

比特币指数期权解释

The options will feature European-style exercise and cash settlement, with final settlement values determined by the CME CF Bitcoin Reference Rate — New York Variant. This translates to the options being settled in cash, not Bitcoin.

这些期权将采用欧式行权和现金结算，最终结算价值由 CME CF 比特币参考利率——纽约变体决定。这意味着期权以现金而非比特币结算。

The benchmark provides a clear reference rate that will be pegged to a specific time, critical in a market like crypto, which is continuously traded globally.

该基准提供了一个明确的参考利率，该参考利率将与特定时间挂钩，这对于像加密货币这样在全球范围内持续交易的市场至关重要。

If approved, the Nasdaq Bitcoin Index Options will offer institutional and retail investors another risk management tool, adding to the existing futures and options contracts linked to Bitcoin.

如果获得批准，纳斯达克比特币指数期权将为机构和散户投资者提供另一种风险管理工具，增加与比特币相关的现有期货和期权合约。

The proposed index options are touted as a cost-effective way to gain leveraged exposure to Bitcoin, presenting institutional investors and traders with an alternative method to hedge their exposure to the world’s largest cryptocurrency.

拟议的指数期权被认为是获得比特币杠杆敞口的一种经济高效的方式，为机构投资者和交易者提供了另一种方法来对冲他们对全球最大加密货币的敞口。

In related news, earlier this year, the SEC approved spot Bitcoin ETF trading, prompting several large financial institutions to file for their own spot Bitcoin ETFs.

相关消息称，今年早些时候，SEC 批准了现货比特币 ETF 交易，促使多家大型金融机构申请自己的现货比特币 ETF。

Nasdaq is partnering with CF Benchmarks to make this possible.

纳斯达克正在与 CF Benchmarks 合作，以实现这一目标。