Nasdaq Removes Position Limits on Bitcoin and Ether ETF Options

[chainsniff]

Nasdaq has filed a rule change with the US Securities and Exchange Commission to remove long-standing position limits on options tied to spot Bitcoin and Ether exchange-traded funds. The move eliminates the 25,000-contract cap on ETF options linked to products from major issuers including BlackRock, Fidelity, Grayscale, ARK/21Shares, Bitwise and VanEck.

The SEC waived its usual 30-day waiting period, allowing the change to take effect immediately, while retaining the authority to suspend it within 60 days if further review is deemed necessary. Nasdaq said the update brings crypto ETF options in line with rules applied to other commodity-based funds, removing unequal treatment without sacrificing investor protection.

[etfs]

“without sacrificing investor protection” sure… until someone blows up a giant leveraged position.