Game-Changer For Bitcoin: Nasdaq Targets 1M Option Limit For BlackRock’s IBIT

BlackRock's Bitcoin ETF, the iShares Bitcoin Trust, is nearing a significant breakthrough as the SEC considers expanding options trading limits from 250,000 to 1 million contracts. This potential change reflects a growing confidence in the Bitcoin market and could enhance trading activity for the ETF.

Avalanche (AVAX) has regained its position among the top 20 cryptocurrencies, surpassing Hedera (HBAR), coinciding with Securitize's receipt of EU approval to launch a fully regulated blockchain-based securities market on the Avalanche network. This approval marks a significant milestone for both AVAX and Securitize in the evolving landscape of digital assets.

Nasdaq made a significant move in the cryptocurrency market by proposing to increase the options trading limits for BlackRock's Bitcoin ETF from 250,000 to 1 million contracts, coinciding with the Thanksgiving holiday. This initiative reflects Nasdaq's growing confidence in Bitcoin's market potential and aims to enhance institutional participation in cryptocurrency trading.

Bitcoiners have accused JPMorgan of manipulating the financial landscape against their interests following the bank's recent filing with the US Securities and Exchange Commission to launch a leveraged Bitcoin financial product. This move has raised concerns among cryptocurrency advocates about the potential impact on market dynamics and competition.

On November 21, Bitcoin experienced significant inflows to exchanges, exceeding 9,000 BTC, as prices fell to $80,600, marking the lowest level in seven months. Approximately 45% of these deposits were in large chunks of 100 BTC or more, indicating a trend of coins being moved for sale rather than casual rebalancing.

BlackRock Bitcoin ETF investors have returned to profitability as Bitcoin's price has reclaimed the $90,000 mark, indicating a potential recovery in the cryptocurrency market. This resurgence follows a period of volatility and low investor confidence, suggesting a renewed interest in Bitcoin as it approaches its all-time highs from 2025.

The presale of $PEPENODE has gained traction as Nasdaq's proposal to increase the options trading limit for BlackRock's Bitcoin ETF to one million contracts signals a significant uptick in institutional interest in cryptocurrency derivatives. This development is expected to enhance liquidity and market efficiency.

The cryptocurrency market experienced a notable rebound on November 27, with Bitcoin's price rising sharply above $90,000 after hitting a recent low, while Ethereum (ETH) surpassed the $3,000 mark. This resurgence follows two consecutive days of positive ETF flow data, particularly from major players like BlackRock.