Nasdaq applies to raise the position limit for BlackRock's Bitcoin spot ETF to 250,000 shares

ChainCatcher news, according to a public regulatory document, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to increase the position limit of the BlackRock spot Bitcoin ETF (IBIT) from 25,000 shares to 250,000 shares. It is important to note that this application also requires SEC approval to take effect, and the position limit refers to the maximum number of shares that a single investor or institution can hold in the ETF.

The head of Bitwise Alpha Strategies stated, "Given the increasing trading volume of the ETF, it would be reasonable to raise the position limit to at least 400,000 shares. The requests from Nasdaq and BlackRock are justified and supported by factual evidence."