Nasdaq Seeks SEC Approval to Lift Restrictions on Bitcoin and Ethereum ETFs
- Nasdaq filed a proposal with the US SEC on January 21 to amend options position limits for several crypto ETFs, including BlackRock’s IBIT and ETHA.
- The proposed changes eliminate the previous limit of 25,000 positions and exercise restrictions for options on these crypto ETFs.
- Options linked to IBIT currently rank as the 11th highest in open interest in the U.S., with over 5.3 million contracts.
- The SEC is expected to make a decision by the end of February after seeking public comments on the proposal.
- As of now, Bitcoin (BTC) is trading near $90,000, while Ethereum (ETH) is at approximately $3,000, both showing a slight increase of around 1% in the last day.
Nasdaq’s proposal aims to create a more equitable trading environment for Ethereum and Bitcoin ETFs by aligning them with standard market rules. This could enhance liquidity and trading activity across these assets.
If approved, this change may significantly impact options trading for crypto assets like IBIT, which currently holds substantial open interest among investors.(Source)
