Blockchain
Nasdaq Proposes Increasing BlackRock’s iShares Bitcoin Trust Option Limits
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The Nasdaq International Securities Exchange has filed a proposal with the US Securities and Exchange Commission (SEC) to increase the position limits for options on BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund to 1 million.
Position limits exist to prevent any one investor from controlling too many option contracts on the same stock, thereby reducing the risk of manipulative schemes that could affect prices, according to the notice and copy of the filing from the SEC on Wednesday.
The Nasdaq has requested in its filing,…
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