The U.S. Securities and Exchange Commission (SEC) is set to make a decision on Nasdaq's proposal for Bitcoin Index Options by December 28, 2025. This decision could significantly impact market activity and provide greater regulatory clarity for cryptocurrency derivatives. Nasdaq's proposal involves rule changes that would allow options to track Bitcoin prices more effectively. Market participants are closely watching the SEC's decision, as approval could lead to increased interest in altcoins and potentially drive broader adoption of cryptocurrencies. Traders are also monitoring the fear and greed index to gauge market sentiment ahead of the ruling.