The SEC has granted accelerated approval for Nasdaq PHLX to list and trade Nasdaq Bitcoin Index Options, marking a new step for regulated Bitcoin derivatives on a major U.S. exchange.
The U.S. Securities and Exchange Commission has approved Nasdaq PHLX LLC to list and trade Nasdaq Bitcoin Index Options, adding a new regulated Bitcoin derivatives product to U.S. markets.
The SEC’s order, Release No. 34-105549, was issued on May 22, 2026 and grants accelerated approval for the exchange to move ahead with the product. The approval was first surfaced in current coverage on May 22 and confirmed on the SEC’s order list.
Nasdaq previously announced its filing for the product in August 2024. The exchange described the contracts as a cash-settled Bitcoin index option tied to Nasdaq’s bitcoin benchmark and designed to give investors a regulated way to hedge or manage bitcoin exposure.
The approval is a notable milestone for institutional crypto trading, but the launch date for actual trading on Nasdaq PHLX was not included in the materials reviewed. Some secondary reporting also said additional steps may still be needed before trading begins.
The move adds to a growing set of regulated Bitcoin-linked products in the U.S. and extends Nasdaq’s push into digital asset market infrastructure.
Revision note
Initial automated publication.