US exchange Nasdaq has filed a rule change with the Securities and Exchange Commission to remove limits on options tied to spot Bitcoin and Ether exchange-traded funds, in a move to align crypto ETF options with rules applied to other commodity-based funds.
The proposal, filed on Jan. 7 and made effective on Wednesday, lifts the existing 25,000-contract limits on options linked to a range of Bitcoin and Ether ETFs listed on Nasdaq, including products from BlackRock, Fidelity, Bitwise, Grayscale, ARK/21Shares and VanEck, according to the filing.
The SEC waived its standard 30-day waiting period, allowing the rule change to take effect immediately, while retaining the authority to suspend the change within 60 days if it determines further review is warranted.
You need to login in order to Like
Leave a comment