Nasdaq Secures Approval for Bitcoin Index Options Trading
- First Bitcoin Index Options: The SEC approved Nasdaq to list Bitcoin index options on its PHLX exchange on May 22, 2026, marking the first standalone Bitcoin index options product cleared for a traditional U.S. options exchange, indicating further maturation of the cryptocurrency derivatives market.
- Trading Details: The options will trade under the ticker QBTC, utilizing European-style cash settlement in USD, with the underlying Nasdaq Bitcoin Index tracking the CME CF Bitcoin Real Time Index at 1/100th the benchmark value, and a minimum trading increment set at $0.01, providing a more flexible hedging instrument.
- Regulatory Progress: This approval continues the regulatory arc that began with CME Bitcoin futures in 2017, reflecting a shift in the SEC's stance towards crypto from resistance to proactivity, as Nasdaq President Tal Cohen noted that the regulator's constructive attitude allows for market development.
- Market Impact: Despite the approval, QBTC is not yet available for trading as it requires exemptive relief from the CFTC and updates to the Options Clearing Corporation's risk disclosure document, with Bitcoin currently priced at $74,585, indicating cautious market sentiment as it remains in the fear zone.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 70349.4 | 72319.5 | 74659.79 | 76629.89 | 78970.18 | 80940.28 | 83280.57 |
| Fibonacci | 72319.5 | 73966.069 | 74983.321 | 76629.89 | 78276.459 | 79293.711 | 80940.28 |
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