Bitcoin ETF Options: Nasdaq's Big Move

Nasdaq is shaking things up in the crypto world. They've asked the SEC to remove limits on Bitcoin ETF options. This means traders could take bigger positions without restrictions. The current cap is 25, 000 contracts for Bitcoin and Ethereum ETF options. Big names like BlackRock and Fidelity are affected. The SEC is speeding things up. They usually take 30 days to review changes, but this time, they're allowing it to happen right away. They can still pause it if needed. People can comment on this change until late February. Nasdaq says this change will make things fairer. Right now, crypto options are treated differently from other options. They believe removing limits will make the market more efficient. But they promise to keep protections against manipulation and risk.Options are like contracts. They give traders the right to buy or sell something at a set price later. Limits are usually there to prevent too much volatility. But Nasdaq thinks removing them won't cause problems. This isn't Nasdaq's first move into crypto. They've been expanding for years. They even want to raise limits on BlackRock's Bitcoin Trust options to one million contracts. Plus, they're working on a new crypto index with CME Group. If this change is approved, it's a big step. It shows how crypto is becoming more like traditional finance. The lines between them are blurring.