SEC OFFICIALLY APPROVES NASDAQ'S CASH-SETTLED BITCOIN INDEX OPTIONS ON PHLX

The U.S. Securities and Exchange Commission (SEC) has officially approved Nasdaq PHLX's cash-settled Bitcoin index options. This is seen as a significant step that brings the crypto market closer to traditional finance in the U.S.

The new product will open up a tightly regulated Bitcoin derivatives channel for U.S. investors, particularly catering to the demand for hedging risk and trading BTC price volatility in a clearer regulatory environment.

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