Nasdaq Proposes Dramatic Increase in Bitcoin ETF Option Limits

The cryptocurrency world is buzzing as Nasdaq ISE aims to revolutionize Bitcoin ETF trading by proposing a major expansion of option contract limits. The exchange has submitted a request to the SEC, seeking permission to increase the maximum allowed contract count for BlackRock’s spot Bitcoin ETF (IBIT) from 250,000 to an ambitious 1 million contracts. This unprecedented move could significantly impact market dynamics and open new avenues for sophisticated trading strategies.