Gate News: On March 23, the New York Stock Exchange (NYSE), under NYSE Arca and NYSE American, submitted rule changes to the SEC to cancel the 25,000 contract position and exercise limits for spot Bitcoin and Ethereum ETF options. The U.S. Securities and Exchange Commission (SEC) waived the standard 30-day waiting period, allowing the changes to take effect immediately after submission, marking that all major U.S. options exchanges have completed this adjustment. The rule change covers 11 crypto ETF products, including BlackRock IBIT, Fidelity FBTC, ARK 21Shares ARKB, Grayscale Bitcoin and Ethereum Trusts, and Bitwise Bitcoin and Ethereum ETFs. These products can now determine position limits based on each exchange’s standard framework, with large liquidity ETFs eligible for limits of 250,000 contracts or more. Additionally, Nasdaq ISE Exchange has submitted a proposal to raise the IBIT exclusive options position limit to 1 million contracts, which is still under SEC review. The comment period for the related documents will end on April 13.
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