The U.S. Securities and Exchange Commission said a rule change filed by the New York Stock Exchange on July 6 has taken effect immediately, lifting the position and exercise limits for options on BlackRock's spot Bitcoin ETF, IBIT. The limits were increased from 250,000 contracts to 1 million contracts. According to the announcement, the change is intended to accommodate the rapid growth in IBIT options trading volume while improving market liquidity and market makers' capacity. The update centers on options tied to BlackRock's spot Bitcoin ETF and reflects a substantial increase in the allowable contract threshold.
On July 15, the U.S. Securities and Exchange Commission announced that a rule change filed by the New York Stock Exchange on July 6 took effect immediately, raising the position and exercise limits for options on BlackRock's spot Bitcoin ETF, IBIT, from 250,000 contracts to 1 million contracts.
The SEC said the change is meant to address rapidly growing trading volume in IBIT options and to improve market liquidity and market-maker capacity.
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