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Nasdaq Seeks to ‘Super-Size’ Option Limits for BlackRock's Bitcoin ETF

Nasdaq’s International Securities Exchange has petitioned the SEC to raise the position limit for options on BlackRock’s iShares Bitcoin Trust (IBIT) from 250,000 to one million contracts. The current cap restricts large traders from efficiently hedging or generating income, prompting Nasdaq to argue that higher limits will accommodate growing demand. Industry voices, including Kronos Research’s CIO, expect the SEC to approve the request, citing routine adjustments for high‑volume assets. Approval would align the Bitcoin ETF’s options market with those of mega‑cap equities like Apple and Microsoft.