There is a Nasdaq Development in Bitcoin! Analyst said “Extremely Bullish”!
Nasdaq ISE has applied to raise the options position limits for BlackRock's spot Bitcoin ETF, IBIT.
The proposal foresees raising the current limit to 1,000,000 contracts. This step not only opens the door to institutions; it indicates a scale of expansion that will fundamentally change market dynamics.
The magnitude of the decision is clearer when considering the typical limit of 25,000 contracts applied to standard ETFs. Even the increase of IBIT's limit from 25,000 to 250,000 in July was seen as a significant development. Bloomberg analyst Eric Balchunas mentioned the importance of the new proposal, stating, “A new proposal has been made to raise the limit of IBIT options to 1 million contracts. In July, the limit was raised from 25,000 to 250,000. IBIT is now the largest Bitcoin options market in the world in terms of open positions.”
Cryptocurrency market analyst Adam Livingston described the development as “extremely bullish,” emphasizing that it is a structural turning point for Bitcoin. According to Livingston, Nasdaq has positioned IBIT in the same category as the largest and most liquid stocks in the world in terms of liquidity and trading frequency criteria. This class only includes the following giant assets: Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), SPY, QQQ.
The new regulation opens up 40 times more institutional derivative trading space for the Bitcoin ETF. According to Livingston, this expansion means “a transition to a new era where derivatives products are scaled from the ETF adoption phase.” Analysts point out that Bitcoin price discovery has historically seen its steepest rises during periods when derivative markets have grown, arguing that IBIT has ascended to “mega-cap status.”
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