Odaily News Nasdaq, in partnership with CF Benchmarks, has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the Nasdaq Bitcoin Index Options (XBTX). The option will be based on the CME CF Bitcoin Real-Time Index (BRTI), providing market participants with tools to manage cryptocurrency investments and hedge risks. This collaboration aims to promote the maturity and liquidity of the digital asset market by combining the stability of traditional securities markets with the innovation of cryptocurrencies. In addition, XBTX will adopt a European exercise and cash settlement mechanism to further enhance market transparency and investor confidence. (GlobeNewswire)