The U.S. Securities and Exchange Commission (SEC) has approved a rule change proposed by NYSE American, allowing a substantial increase in the options position and exercise limits for BlackRock's spot Bitcoin ETF, IBIT. The new limit raises the cap from 250,000 contracts to 1 million contracts, effective immediately. This decision marks a significant development in the trading capacity for IBIT, reflecting growing institutional interest and demand for Bitcoin-related financial products.
SEC Approves Increase in IBIT Options Position Limit to 1 Million Contracts
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