This Wall Street game is heating up, it’s gonna be hilarious!
Nasdaq is pushing to quadruple the options limits on IBIT, bringing BlackRock’s ETF in line with tech giants.The Nasdaq International Securities Exchange has submitted a formal request to the U.S. Securities and Exchange Commission to increase the position limits on options for BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), raising them from 250,000 to 1 million contracts.Position limits exist to prevent a single investor from controlling an excessive number of option contracts on the same security, thereby reducing the risk of market manipulation that could affect prices.The request, filed on November 13, stems from the growing demand for IBIT reported by Nasdaq. According to the exchange, keeping lower limits would hinder trading activity and investor strategies, such as the use of effective hedging tools or income-generation strategies.