Nasdaq has submitted a proposal to the U.S. SEC to remove position limits on Bitcoin and Ethereum spot ETF options. The rule change, filed on January 7, aims to align crypto ETF options with the rules governing other commodity ETFs. Currently, a cap of 25,000 contracts is imposed on these options, affecting products from BlackRock, Fidelity, Grayscale, ARK/21Shares, and VanEck. The SEC is expected to make a final decision by the end of February.