📌 What Happened
**NASDAQ filed a rule change with the U.S. Securities and Exchange Commission (SEC) to remove position and exercise limits for options tied to spot Bitcoin and Ethereum
The old cap — 25,000 contracts per account — has been eliminated, bringing crypto ETF options in line with how other commodity-based ETF options are treated.
The SEC waived its normal 30-day waiting period, meaning the rule went into effect immediately once filed, though the regulator still has up to 60 days to review and potentially suspend the change.
KuCoin
📊 What This Means for Markets
For traders and institutions
Removes a key restriction that limited large options positions on Bitcoin and Ethereum ETFs, potentially boosting liquidity and hedging flexibility.
Institutional investors and market makers can now build bigger positions without the prior contract cap.
CoinMarketCap
For the crypto ecosystem
Seen as a step toward normalizing crypto derivatives and integrating digital assets more fully into traditional financial markets.
Bitcoin Magazine
Could attract more sophisticated trading strategies around Bitcoin ETF products
📅 Regulatory Status
A public comment period is underway, and the SEC’s final decision on permanently adopting the change is expected by late February, unless regulators opt to pause the rule for further review.
MEXC
🧠 Why Limits Were There In the First Place
Position and exercise limits are typically used to prevent excessive concentration, manipulation risk, and extreme volatility in derivatives markets. Nasdaq argues that because Bitcoin and Ether ETFs now trade with significant volume and institutional participation, the old cap is no longer appropriate.
MEXC
If you want the latest price or market reaction to this change (e.g., how $BTC is moving), I can look that up too.
#Binance #bitcoin #Ethereum #BTC走势分析 #btc走勢 @Chalaa oro