Nasdaq ISE Files to Lift BlackRock IBIT Option Limits Into Top Tier Status
PositiveCryptocurrency

- Nasdaq ISE has filed to elevate the option limits for BlackRock's iShares Bitcoin Trust (IBIT) to top-tier status, reflecting a surge in IBIT options activity and a shift of open interest towards U.S. regulated venues. This move comes amid a backdrop of fluctuating investor sentiment in the cryptocurrency market.
- The decision to lift the option limits is significant for BlackRock as it could enhance liquidity and trading volume for IBIT, potentially attracting more institutional investors and reinforcing its position in the competitive cryptocurrency landscape.
- This development occurs during a period of mixed investor sentiment, as BlackRock's Bitcoin ETF has faced substantial outflows recently, indicating caution among investors. However, BlackRock's recent $90 million Ethereum purchase and the tripling of IBIT holdings by Abu Dhabi highlight a contrasting trend of institutional confidence in cryptocurrency assets.
— via World Pulse Now AI Editorial System







