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Nasdaq ISE Proposes SEC-Approved Expansion for Bitcoin ETFs on the Trading Floor

by aria-crypto.com

January 7, 2025 at 08:50

Nasdaq ISE Proposes SEC-Approved Expansion for Bitcoin ETFs on the Trading Floor

Nasdaq ISE has recently submitted a proposal to the U.S. Securities and Exchange Commission (SEC) seeking to significantly raise the position and exercise limits for options on the iShares Bitcoin Trust (IBIT) ETF. The exchange aims to increase the limits from 25,000 to 250,000 contracts due to increased market activity and growing trading volumes. This proposed amendment is intended to reflect the ETF’s burgeoning market presence, which now boasts a market cap of $46.8 billion and an average daily trading volume of 39.4 million shares. Comparatively, the new limit would constitute just 2.89% of IBIT’s outstanding shares, a figure much lower than similar ETFs such as SPDR Gold Shares (GLD) and iShares Silver Trust (SLV). Nasdaq ISE asserts that this adjustment is considerably more conservative than those applied to other ETFs, ensuring it aligns appropriately with market standards. The enhancement of these limits, if approved, is expected to bolster market liquidity and provide institutional investors with improved tools for risk management. This move aligns with Nasdaq ISE's broader strategy to expand its offerings in the digital assets space, which includes efforts to initiate Bitcoin options trading. This application follows on the heels of recent regulatory advancements, notably the SEC's approval allowing Nasdaq ISE to list options on BlackRock’s IBIT ETF.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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