Nasdaq Seeks SEC Approval To Increase BlackRock Bitcoin ETF Position Limit

According to Odaily, Nasdaq has submitted a request to the U.S. Securities and Exchange Commission (SEC) to increase the position limit for BlackRock's spot Bitcoin ETF (IBIT) from 25,000 shares to 250,000 shares. This change is pending SEC approval. The position limit refers to the maximum number of shares a single investor or institution can hold in the ETF. The Director of Bitwise Alpha Strategies commented that, given the rising trading volume of the ETF, it would be reasonable to raise the position limit to at least 400,000 shares. The request from Nasdaq and BlackRock is considered justified and supported by factual evidence.