The New York Stock Exchange (NYSE) has removed the 25,000-contract cap on crypto ETF options, allowing for larger positions based on liquidity and demand. This rule change, effective March 2026, applies to 11 Bitcoin and Ether ETFs, aligning them with commodity ETF options trading standards. The decision, approved by the Securities and Exchange Commission, enables advanced trading strategies but may increase volatility as institutions take larger positions. The removal of the cap affects major funds such as BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund. Previously, a strict limit was imposed to control volatility and reduce market manipulation risks. Now, position sizes will depend on each ETF’s liquidity and trading activity, potentially reaching 250,000 contracts or more. This change also allows broader use of FLEX options, supporting customized strike prices and expiration dates.