2026-01-23 03:55:50

There is a significant development—Nasdaq has submitted a rule change application to the U.S. Securities and Exchange Commission. What is the core of this proposal? It aims to eliminate the current cap of 25,000 contracts on Bitcoin and Ethereum spot ETF options.

In simple terms, these crypto ETF options are currently heavily restricted, but traditional commodity ETFs don't have such rules. Nasdaq wants to level the playing field by aligning the position limits for crypto and commodity options. This proposal was submitted on January 7.

Several major players are involved, including BlackRock, Fidelity, Grayscale, ARK/21Shares, and VanEck. Removing the cap would allow market participants to adjust their positions more flexibly, potentially boosting liquidity in options trading. This move reflects a gradual regulatory shift from a conservative stance toward a more market-oriented approach.

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OnChainArchaeologist

· 6h ago

Really? Can we finally let go? Someone finally can't stand these unreasonable restrictions anymore. Big institutions have been holding back there for a long time. Retail investors are still struggling with how to play with a few thousand yuan, while they’ve already been planning how to make a splash with options. This wave of reform really needs to keep up. Equal rules are equal rules, anyway, loosening regulation is better than being stuck, but I don’t know when it will actually be implemented. Just look at BlackRock and their crew, they’re itching to go, once liquidity kicks in, it’s bound to explode. SEC needs to approve this quickly, or else it will truly become a reverse indicator. Treat commodity options the same as others? It’s about time. Why should we be treated differently? It’s good to call it openness, but honestly, the previous rules were meaningless. Only now are we realizing that. Once options liquidity increases, small investors will have a lot to play with. They need to seriously learn.

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SatoshiChallenger

· 01-24 05:12

Ironically, every time regulations are relaxed, everyone says it's a positive signal, but data shows that such policy changes often serve as a precursor signal for institutions to harvest retail investors.

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GateUser-afe07a92

· 01-23 20:22

Oh no, the institutions are really starting to make a move. The 25,000份 lock finally seems to be loosening. Wait, can it really pass? It needs SEC approval, not just on paper. This is what the players want—the liquidity has to increase before making money. Blackstone and Fidelity are involved, which clearly indicates a big deal. Regulators are gradually compromising.

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All-InQueen

· 01-23 04:18

Finally here! I've been waiting for this hurdle to be removed. The 25,000 limit should have been lifted long ago. Institutions are eager to break free. Now they can finally loosen up, and liquidity is about to take off. Nasdaq's move is smart; leveling the playing field between crypto and commodities is a sign of recognition. BlackRock and others pushing behind the scenes indicate that this time it's serious, and regulatory attitudes are truly changing. If this gets approved, options trading will be different. I'm so looking forward to it. I'm optimistic about this step. Institutional entry will rely on this breakthrough.

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BrokenYield

· 01-23 04:15

so nasdaq's basically saying "hey sec, let's stop treating crypto options like penny stocks" and i'm here for it ngl. 25k contract cap was always the regulatory security blanket nobody actually needed... smart money's been waiting for this exact move fr fr

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SchrodingerGas

· 01-23 04:09

Arbitrage opportunities are back again. Once the ceiling of 25,000 units is removed, institutions can legitimately pile up positions... Isn't this just the process of rebalancing and re-pricing the game equilibrium?

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PaperHandSister

· 01-23 04:05

Nasdaq's recent moves are really paving the way. Once the removal of the 25,000 contract limit is approved, institutions will be able to pour money in freely. Finally some real progress, but I’m still waiting to see if the SEC approves or not. Regulation is unpredictable—sometimes it opens up, sometimes it tightens. BlackRock, Fidelity, these big sharks have been eyeing this for a long time, just waiting for this one document. I just want to know, after this passes, will there be some new restrictions? It feels like regulators are a bit inconsistent in their approach. Right now, I only dare to watch but not to heavily invest. If there's another unexpected turn, I simply can't handle it with my current position.

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GasFeeDodger