Nasdaq plans bitcoin futures contract in 2018
VanEck
Nasdaq has teamed up with  New York-based money manager VanEck  to develop the futures contract  which will be cleared by the Options Clearing Corporation. The OCC clears all Nasdaq futures products  the source said.
 VanEck  had applied to the U.S. Securities and Exchange Commission (SEC) this year to launch a bitcoin-related exchange-traded fund  but withdrew the request in September after speaking with SEC staff  according to a regulatory filing.
The SEC requested that  VanEck  wait until the underlying instruments in which the ETF planned to primarily invest - bitcoin futures contracts - become available for investment  the filing said.
A representative for  VanEck  was not immediately available for comment.
Nasdaq has teamed up with  New York-based money manager [TGT]to develop the futures contract  which will be cleared by the Options Clearing Corporation. The OCC clears all Nasdaq futures products  the source said.
 [TGT]had applied to the U.S. Securities and Exchange Commission (SEC) this year to launch a bitcoin-related exchange-traded fund  but withdrew the request in September after speaking with SEC staff  according to a regulatory filing.
The SEC requested that  [TGT]wait until the underlying instruments in which the ETF planned to primarily invest - bitcoin futures contracts - become available for investment  the filing said.
A representative for  VanEck  was not immediately available for comment.