BlackRock IBIT option limit significantly raised to '1 million contracts' – Nasdaq files documents with the SEC

Source: BlockMedia Original Title: BlackRock IBIT Option Limit Increased Significantly to '1 Million Contracts' – Nasdaq Files Documents with SEC Original Link: https://www.blockmedia.co.kr/archives/1011543 Nasdaq( is pushing for a regulatory change to significantly increase the position and exercise limit of the BlackRock) spot Bitcoin ETF IBIT options to 1 million contracts.

On the 26th, according to the rule change notice submitted to the United States Securities and Exchange Commission (SEC) at ( local time, Nasdaq's subsidiary Nasdaq ISE submitted a plan to raise the maximum position and exercise limits for IBIT options to 1 million contracts from the previous restriction level.

Bloomberg ETF analyst Eric Balchunas) mentioned that “the position limit for the IBIT options was raised from the previous 25,000 contracts to 250,000 contracts last July,” expressing surprise at the rapid expansion of the limit.

He then added, “IBIT is currently the largest Bitcoin options market in the world based on the open interest (.”

The 'Dinosaur' Ascension of the Bitcoin Options Market

The movement of the Nasdaq suggests strong demand from institutional investors for IBIT options. When position limits are raised, institutions managing large amounts of capital can build much larger hedging and speculative positions, which is expected to lead to a significant increase in liquidity and trading volume in the IBIT options market.