Nasdaq PHLX Gets SEC Approval for Cash-Settled QBTC Bitcoin Options, Awaiting CFTC Relief

Bitcoin was trading around $77,400 after a modest +0.9% move over the past 24 hours as Nasdaq PHLX received conditional SEC approval to list European-style, cash-settled BTC index options under the QBTC ticker. The contracts track the CME CF Bitcoin Real-Time Index (BRTT), settle in U.S. dollars, and represent 1 BTC per contract, but they still need CFTC exemptive relief before trading can begin.