纳斯达克计划推出比特币指数期权，等待 SEC 批准

期权是上市衍生品，赋予持有人以预定价格购买或出售资产（例如股票或交易所交易产品）的权利

Nasdaq, a major American stock exchange, is planning to introduce a new financial tool for Bitcoin enthusiasts. The exchange is seeking approval from the Securities and Exchange Commission (SEC) to launch and trade Options on the Bitcoin Index. This could provide traders and institutions another way to get exposure with Bitcoin investment.

美国主要证券交易所纳斯达克正计划为比特币爱好者推出一种新的金融工具。该交易所正在寻求美国证券交易委员会（SEC）的批准，以推出和交易比特币指数期权。这可能为交易者和机构提供另一种获得比特币投资的方式。

What is an Option

什么是期权

Options are listed derivatives that give the holder the right to buy or sell an asset, such as a stock or exchange traded product, at a predetermined price by a set date.

期权是上市衍生品，赋予持有人在设定日期之前以预定价格购买或出售资产（例如股票或交易所交易产品）的权利。

With the Bitcoin index, the asset to be traded would be Bitcoin. These options would be based on the CME CF Bitcoin real time index. The index is designed to track Bitcoin futures and option contracts available on CME group’s exchange platform.

对于比特币指数，要交易的资产就是比特币。这些选项将基于 CME CF 比特币实时指数。该指数旨在追踪芝商所交易平台上提供的比特币期货和期权合约。

Why is this Important?

为什么这很重要？

Matt Hougan, Chief Investment Officer at Bitwise, emphasized the importance of these options. He stated,

Bitwise 首席投资官 Matt Hougan 强调了这些选择的重要性。他说，

“It’s important for options on Bitcoin to be available for this asset class to be fully normalized.”

“比特币的期权对于这一资产类别的完全正常化非常重要。”

According to Hougan, Bitcoin index options would fill a gap in the current market, providing a missing piece in the “liquidity picture.”

霍根表示，比特币指数期权将填补当前市场的空白，为“流动性图景”提供缺失的一块。

Current Situation with the SEC

SEC 的现状

The SEC has not yet approved any options tied to the recently launched spot Bitcoin exchange-traded funds (ETFs). This includes Nasdaq’s application to trade options on BlackRock’s iShares Bitcoin Trust ETF, valued at $21.3 billion. Exchanges have been quick to apply for these options, but regulatory approval is still pending.

美国证券交易委员会尚未批准任何与最近推出的现货比特币交易所交易基金（ETF）相关的期权。其中包括纳斯达克申请交易贝莱德 iShares 比特币信托 ETF 的期权，价值 213 亿美元。交易所已迅速申请这些选项，但仍有待监管部门批准。

Impact on Traders and Institutions

对交易者和机构的影响

If approved, Nasdaq’s Bitcoin index options could become a valuable tool for both traders and institutions.

如果获得批准，纳斯达克的比特币指数期权可能成为交易者和机构的宝贵工具。

Traders would gain a hand on an inexpensive way to increase their exposure to Bitcoin. At the same time, institutions could use these options to hedge their risks, adding a layer of security to their investments.

交易者可以通过一种廉价的方式来增加他们对比特币的投资。与此同时，机构可以利用这些选择来对冲风险，为其投资增加一层安全保障。

Looking Ahead

展望未来

While waiting for SEC approval, traders have been exploring other products, such as leveraged ETFs tied to Bitcoin. Nasdaq’s proposal, if accepted, would mark a significant step forward in making Bitcoin a more mainstream financial asset. This development could pave the way for more sophisticated trading strategies and greater acceptance of Bitcoin in traditional financial markets.

在等待 SEC 批准的同时，交易员一直在探索其他产品，例如与比特币挂钩的杠杆 ETF。纳斯达克的提议如果被接受，将标志着比特币成为更主流的金融资产的重要一步。这一发展可能为更复杂的交易策略和传统金融市场对比特币的更广泛接受铺平道路。