Nasdaq Moves to Remove Position Limits on Bitcoin ETF Options

Nasdaq has submitted a rule change proposal to the U.S. Securities and Exchange Commission (SEC) aimed at removing existing position and exercise limits on options contracts tied to spot Bitcoin and Ethereum exchange-traded funds (ETFs) listed on the exchange. This proposal, filed on January 7 and made effective on the 21st, specifically targets the 25,000-contract cap affecting products from issuers like BlackRock, Fidelity, and Grayscale. The SEC allowed the rule change to take immediate effect but retains the authority to suspend it within 60 days, while a public comment period is now open. Nasdaq argues that lifting these limits will treat crypto ETF options identically to all other listed options, promoting market efficiency without compromising investor protection. This move follows Nasdaq's prior approval to list these options in late 2025 and represents a further step in integrating crypto derivatives into traditional U.S. regulated markets.

(Source：Bitcoin Magazine)