The proposal aims to fulfil a rising demand for ‘hedging vehicles and income-generating strategies’ on the largest Bitcoin ETF, says the exchange.
The US Securities and Exchange Commission (SEC) is seeking feedback from the market about Nasdaq International Securities Exchange (ISE)’s request of a loosened option trading rule on iShares Bitcoin Trust ETF (IBIT) in a response to the exchange’s projected continuing growth in the segment. Specifically, Nasdaq ISE wants to increase the position and exercise limits for options on IBIT fourfold to 1,000,000 contracts and remove the current constraint on IBIT Flex options that are ph