Nasdaq applies to remove the 25,000 contract position limit on Bitcoin and Ethereum ETF options

According to ChainCatcher, Nasdaq has submitted a rule change application to the U.S. Securities and Exchange Commission (SEC), seeking to remove position limits on spot Bitcoin and Ethereum ETF options, in order to align crypto ETF options with the rules for other commodity funds.

The proposal was submitted on January 7 and took effect on Wednesday, eliminating the 25,000 contract limit on Bitcoin and Ethereum ETF options for institutions such as BlackRock, Fidelity, Bitwise, Grayscale, ARK/21Shares, and VanEck. The SEC waived the standard 30-day waiting period, allowing the rule to take effect immediately, but retains the authority to suspend it within 60 days.

Nasdaq stated that this move will grant crypto ETF options the same treatment as other commodity options, removing unequal restrictions. The SEC has opened a comment period, and a final decision is expected by the end of February.