The filing with the US SEC seeks to eliminate contract caps on crypto ETF options, a change Nasdaq argues would address unequal treatment in derivatives markets.
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 (BTC) and Ether (ETH) 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.
