The U.S. Securities and Exchange Commission said a rule change submitted by the New York Stock Exchange on July 6 took effect immediately, raising both the position limit and exercise limit for options on BlackRock's spot Bitcoin ETF, IBIT. The cap was increased from 250,000 contracts to 1 million contracts. According to the notice, the change is intended to address rapidly growing trading volume in IBIT options while improving market liquidity and market makers' capacity. The update centers specifically on IBIT options and reflects the exchange's move to expand trading capacity under the revised limits.
A notice from the U.S. Securities and Exchange Commission said a rule change submitted by the New York Stock Exchange on July 6 became effective immediately, lifting both the position limit and exercise limit for options on BlackRock's spot Bitcoin ETF, IBIT, from 250,000 contracts to 1 million contracts.
The notice said the adjustment is meant to meet rapidly growing trading demand in IBIT options and improve market liquidity as well as market makers' capacity.
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