Nasdaq International Securities Exchange has filed a proposal with the U.S. Securities and Exchange Commission to increase the position limit for BlackRock Bitcoin ETF (IBIT) options from 250,000 to 1,000,000 contracts. This move aims to enable liquidity providers to offer more liquidity in response to growing institutional demand for Bitcoin. Currently, IBIT has nearly 8 million open interest contracts, indicating significant market interest. The proposed increase in position limits suggests that the SEC may consider Bitcoin derivatives mature enough to handle larger trading volumes. This development reflects the expanding role of institutional investors in the cryptocurrency market and the increasing acceptance of Bitcoin as a mainstream financial asset.