SEC delays Nasdaq cash-settled Bitcoin index options pending review of CME jurisdiction challenge

The U.S. Securities and Exchange Commission has paused Nasdaq’s planned cash-settled Bitcoin index options as it reviews CME Group’s challenge to the product’s regulatory approval. The SEC’s review includes a deadline for written statements supporting or opposing the approval of Aug. 24 ^{[1] [2]}.

Multiple reports say the SEC’s action maintains a stay on Nasdaq PHLX’s approved Bitcoin index options during the Commission’s consideration, following CME’s petition for review of the earlier approval decision. The SEC opened a process for interested parties to submit statements by Aug. 24 while the jurisdiction dispute is assessed ^{[3] [4]}.

For now, Nasdaq’s Bitcoin index options launch remains delayed pending the SEC’s outcome in the review of CME’s jurisdiction challenge, with Aug. 24 set as the key filing date ^{[1] [5]}.