Nasdaq Files to Raise BlackRock Bitcoin Spot ETF Position Limit to 250,000 from 25,000

Nasdaq has filed an application with the U.S. Securities and Exchange Commission (SEC) to increase the position limit (position limit) of the BlackRock Spot Bitcoin ETF (IBIT) from 25,000 to 250,000 shares, according to a public regulatory filing. It should be noted that the filing requires SEC approval to become effective, and the position limit refers to the maximum number of shares of the ETF that can be held by a single investor or institution. In response, the head of Bitwise Alpha Strategies said, “Given the rising trading volume of the ETF, it would make sense to raise the position limit to at least 400,000 shares. Nasdaq and BlackRock's claims are reasonable and supported by factual evidence.”