Nasdaq has filed a rule change with the US Securities and Exchange Commission seeking to remove position limits on options linked to spot Bitcoin and Ether exchange-traded funds.
The proposal aims to eliminate the current 25,000-contract cap on options tied to Bitcoin and Ether ETFs listed on Nasdaq.
Products affected include crypto ETFs issued by firms such as BlackRock, Fidelity, Bitwise, Grayscale, ARK/21Shares and VanEck.
Nasdaq said the change would align crypto ETF options with rules applied to other commodity-based funds.
The SEC waived its standard 30-day review period, allowing the rule change to take effect immediately.
The regulator retains the authority to suspend the change within 60 days if further review is deemed necessary.
Nasdaq argued that removing the limits would address unequal treatment in derivatives markets without weakening investor protections.
A public comment period has been opened, with a final SEC decision expected by late February unless the rule is paused.
The filing follows Nasdaq’s late-2025 approval to list options on single-asset crypto ETFs as commodity-based trusts.
Nasdaq has been expanding its crypto market presence through regulatory proposals, tokenised equity initiatives and revised derivatives rules.
In November, the exchange also sought to raise position limits on options tied to BlackRock’s iShares Bitcoin Trust to meet growing demand.
At the time of reporting, Bitcoin price was $89,210.06.