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Nasdaq proposes to increase the options trading limit for the BlackRock Bitcoin ETF. Nasdaq ISE has just submitted a proposal to raise the options contract limit for BlackRock’s spot Bitcoin ETF (IBIT) to 1,000,000 contracts. This decision not only expands opportunities for investment institutions but also fundamentally changes market dynamics. By comparison, the usual limit for standard ETFs is only 25,000 contracts, and the increase from 25,000 to 250,000 in July was seen as a significant step.
Bloomberg expert, Eric Balchunas, commented: A new proposal has been submitted to raise the IBIT options limit to 1 million contracts. The limit has been increased from 25,000 to 250,000 in July. IBIT is now the largest Bitcoin options market in the world by open interest. Strong positive signals for Bitcoin, cryptocurrency analyst Adam Livingston evaluated this as a very positive event, emphasizing that this is an important structural turning point for Bitcoin. He stated that Nasdaq has placed IBIT in the same category as the largest and most liquid stocks in the world, such as Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), SPY, and QQQ, based on trading frequency and liquidity. This is a sign that the Bitcoin options market is gradually approaching the scale and liquidity of blue-chip stocks, opening a new era for Bitcoin derivatives trading. The increase in the options contract limit helps to increase the derivatives trading space for Bitcoin ETFs by 40 times. Livingston noted that this marks the transition from the ETF adoption phase to the era of expanded derivatives market scale. Experts emphasize that history shows Bitcoin prices tend to be highly volatile during growth phases of the derivatives market, and with the new scale, IBIT has achieved 'mega-cap' status, laying the foundation for long-term development and opportunities for institutional investors.
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