Nasdaq Proposes Massive IBIT Options Boost

Nasdaqs International Securities Exchange has proposed to the U.S. Securities and Exchange Commission to significantly increase the limits on options for BlackRocks iShares Bitcoin Trust, known as IBIT. The proposal aims to raise the limit from 250,000 contracts to 1 million contracts, putting IBIT options on par with major stocks and exchange-traded funds. This move is expected to benefit long-term flows into IBIT and highlights growing institutional demand for Bitcoin derivatives. The proposal also asks to remove limits for certain customized options that are physically delivered. The filing supports these changes with IBITs large market capitalization and average daily volume. While the Securities and Exchange Commission still needs to approve this, experts suggest this shift signals that Bitcoin trading is moving from pure speculation to more allocation-driven behavior, potentially leading to a compression in volatility and slightly higher prices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.