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The Nasdaq launches the future of bitcoins despite the cryptocurrency bear market

The Nasdaq is proceeding with plans to launch bitcoin futures as early as next year, despite a growing bear market for cryptography.

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VanEck competed for the approval of what would be the first bitcoin ETF. The SEC has rejected several other applications, including one of the brothers Cameron Winklevoss and Tyler Winklevoss, citing risks of market manipulation and investor protection.

The US financial watchdog has yet to approve one. In January, he published a letter indicating "important investor protection issues that need to be examined" before the sponsors can offer these funds to retail investors.

Bitcoin himself struggles to find a fund this week. The largest cryptocurrency in the world has increased by 13%, returning above the level of $ 4000 after having reached a minimum of 14 months on Sunday. Bitcoin is down more than 75% from its all-time high near $ 20,000 in December, according to CoinDesk data.

Adena Friedman, CEO of Nasdaq, told CNBC in April that the exchange was closely observing the cryptocurrency sector. Once it matures, he said, the Nasdaq is open to becoming a platform for the trading of cryptocurrencies like bitcoins.

"Certainly the Nasdaq would consider the idea of ​​becoming a cryptographic exchange over time," Friedman told CNBC's "Squawk Box" in April. "If we look at it and say" it's time, people are ready for a more regulated market ", for something that provides a fair experience for investors".

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