Key Takeaways
- Nasdaq ISE is seeking SEC approval to increase the position limits for BlackRock's IBIT, allowing bigger trades for institutional investors.
- IBIT is a Bitcoin-holding ETF listed on the Nasdaq Stock Market, and ISE received SEC approval to list IBIT options last September.
Nasdaq ISE, LLC (ISE) has proposed rule amendments to increase the position and exercise limits for options on the iShares Bitcoin Trust (IBIT) from 250,000 contracts to 1,000,000 contracts.
The fund, managed by BlackRock, provides investors with exposure to Bitcoin through traditional brokerage accounts. IBIT was approved for options trading on the ISE last September.
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