Nasdaq Requests SEC Approval to Lift Limits on Bitcoin, Ethereum ETFs

Nasdaq has requested the SEC to lift restrictions on Bitcoin BTC and Ethereum ETH ETFs. Specifically, Nasdaq seeks approval to remove the 25,000 position and exercise limit on options trading for these funds.

Key Points

• The proposal affects options on BlackRock's iShare Bitcoin Trust ETF and its Ethereum ETF counterpart.
• Grayscale, Bitwise, Fidelity, ARK21Shares, and VanEck could also see increased options limits.
• Nasdaq argues the changes promote fair trade and do not burden competition, ensuring consistent regulatory treatment.
• The SEC is seeking comments, with a decision expected by the end of February.

BlackRock and Strategy Increase Bitcoin Holdings

• BlackRock has increased its BTC holdings amidst current market conditions, adding 9,619 BTC and 46,851 ETH in early January, totaling approximately $1.03 billion.
• Strategy acquired 22,305 BTC for about $2.13 billion between January 12 and 19, bringing its total to 709,715 BTC, approximately 3.38% of Bitcoin's total supply.