Nasdaq’s options venue is moving to put BlackRock’s iShares Bitcoin Trust (IBIT) in the same risk tier as the largest, most liquid ETFs in traditional markets, with a new proposal to multiply the ceiling on IBIT options positions to 1 million contracts.

According to a rule filing submitted to the US Securities and Exchange Commission (SEC), Nasdaq ISE is seeking to raise position and exercise limits for IBIT options from 250,000 contracts to 1,000,000 contracts. In parallel, the exchange wants to remove position limits entirely for physically settled FLEX IBIT options, a bespoke, institution-focused segment of the market.

Why This Is A Major News For Bitcoin

The request comes only months after IBIT options limits were raised from 25,000 to 250,000 contracts. Bloomberg ETF analyst Eric B

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