The proposal aims to fulfil a rising demand for ‘hedging vehicles and income-generating strategies’ on the largest Bitcoin ETF.
The US Securities and Exchange Commission (SEC) is seeking feedbackabout the Nasdaq International Securities Exchange's (ISE) request of a loosened option trading rule on iShares Bitcoin Trust ETF (IBIT) to meet a growing demand. 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 physically settled, according to its filing to the regulator on 13 November.