Source: DigitalToday
Original Title: Nasdaq Requests Lifting Restrictions on Cryptocurrency ETF Options… Signal of Regulatory Easing?
Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=623441
Nasdaq has proposed a regulatory change to federal regulators to remove contract limits on cryptocurrency exchange-traded fund(ETF) options.
According to blockchain media reports on the 22nd(local time), Nasdaq has requested the U.S. Securities and Exchange Commission(SEC) to amend regulations to eliminate contract limits on Bitcoin(BTC) and Ethereum(ETH) spot ETF options. Nasdaq’s goal is to ensure that cryptocurrency ETFs follow the same regulations as existing ETF options.
If the regulatory easing is approved, the trading volume limits for options on BlackRock’s iShares Bitcoin ETF(IBIT), iShares Ethereum ETF(ETHA), Grayscale, Bitwise, Fidelity, Ark 21 Shares, VanEck, and others will be expanded.
The current position and exercise limits of 25,000 contracts applied to these products will be abolished, and the standard limits applicable to regular ETF options will be applied. Nasdaq stated, “This amendment aims to create a fair trading environment, promote market competition, and enhance investor protection.”
Additionally, Nasdaq has requested to bypass the usual 30-day review period granted by the SEC and to implement the changes immediately. The SEC is expected to make a decision by the end of February after gathering opinions.
Meanwhile, BlackRock recently took advantage of the recent decline in Bitcoin prices, purchasing 9,619 BTC( approximately $878 million) and 46,851 ETH( approximately $149 million) earlier this month, and StratIndex added to its Bitcoin holdings with an additional purchase of $2.13 billion worth of Bitcoin between January 12 and 19.
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Nasdaq requests lifting restrictions on cryptocurrency ETF options… a signal of regulatory easing?
Source: DigitalToday Original Title: Nasdaq Requests Lifting Restrictions on Cryptocurrency ETF Options… Signal of Regulatory Easing? Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=623441
Nasdaq has proposed a regulatory change to federal regulators to remove contract limits on cryptocurrency exchange-traded fund(ETF) options.
According to blockchain media reports on the 22nd(local time), Nasdaq has requested the U.S. Securities and Exchange Commission(SEC) to amend regulations to eliminate contract limits on Bitcoin(BTC) and Ethereum(ETH) spot ETF options. Nasdaq’s goal is to ensure that cryptocurrency ETFs follow the same regulations as existing ETF options.
If the regulatory easing is approved, the trading volume limits for options on BlackRock’s iShares Bitcoin ETF(IBIT), iShares Ethereum ETF(ETHA), Grayscale, Bitwise, Fidelity, Ark 21 Shares, VanEck, and others will be expanded.
The current position and exercise limits of 25,000 contracts applied to these products will be abolished, and the standard limits applicable to regular ETF options will be applied. Nasdaq stated, “This amendment aims to create a fair trading environment, promote market competition, and enhance investor protection.”
Additionally, Nasdaq has requested to bypass the usual 30-day review period granted by the SEC and to implement the changes immediately. The SEC is expected to make a decision by the end of February after gathering opinions.
Meanwhile, BlackRock recently took advantage of the recent decline in Bitcoin prices, purchasing 9,619 BTC( approximately $878 million) and 46,851 ETH( approximately $149 million) earlier this month, and StratIndex added to its Bitcoin holdings with an additional purchase of $2.13 billion worth of Bitcoin between January 12 and 19.