Nasdaq applies to cancel the 25,000 contract position limit for Bitcoin and Ethereum ETF options

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ChainCatcher reports that Nasdaq has submitted a rule change application to the (SEC) seeking to lift the position limits on spot Bitcoin and Ethereum ETF options, aiming to align crypto ETF options with other commodity fund rules.

The proposal was submitted on January 7 and took effect on Wednesday, removing the 25,000 contract limit on Bitcoin and Ethereum ETF options for institutions like BlackRock, Fidelity, Bitwise, Grayscale, ARK/21Shares, and VanEck. The SEC waived the standard 30-day waiting period, allowing the rule to take effect immediately, but retained the authority to pause it within 60 days.

Nasdaq stated that this move will give crypto ETF options equal treatment with other commodity options, eliminating unfair restrictions. The SEC has opened a review period, and a final decision is expected to be made by the end of February.

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