In brief
- The proposal seeks to raise IBIT option limits from 250,000 to 1,000,000 contracts, with no cap on physically delivered FLEX options.
- Exchange cites IBIT’s scale and liquidity as justification, noting demand from institutions and market makers.
- Analysts say the change would support larger, lower-risk allocation strategies and could compress volatility over the next year.
Nasdaq’s International Securities Exchange has filed a proposal with the U.S. Securities and Exchange Commission to increase position limits on options for BlackRock’s iShares Bitcoin Trust.
The filing, dated November 21, 2025, seeks to raise the limit from 250,000 contracts to 1,000,000 contracts. It would place IBIT options in the same tier as major equities and ETFs such as Apple, NVIDIA, and the SPDR S&P 500 ETF.
“The proposed rule change seeks to dramatically increase the position and exercise…
