Nasdaq seeks to quadruple iShares Bitcoin Trust options limits for bigger institutional hedging

XRP's price is currently at a critical juncture, trading around $2.20, just above a significant Fibonacci support level. Analyst Egrag Crypto has outlined three potential outcomes for XRP's future, emphasizing the importance of closing above $2.60 to maintain bullish momentum. The monthly candle is nearing closure, adding urgency to the analysis.

Nasdaq's head of digital assets strategy, Matt Savarese, announced the exchange's readiness to address any inquiries from the SEC regarding its proposal for tokenized stocks, emphasizing a commitment to expedite the process.

Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission (SEC), emphasized that self-custody of assets and financial privacy are fundamental rights aligned with the principles of freedom upon which the U.S. was founded. This statement underscores the importance of individual control over digital assets in the evolving cryptocurrency landscape.

Nasdaq has proposed to significantly increase the options trading limits for BlackRock's iShares Bitcoin Trust (IBIT) from 250,000 to 1 million contracts, reflecting a growing confidence in the Bitcoin market. This move comes as IBIT options now account for nearly all Bitcoin ETF options trading, indicating a surge in interest and activity in this sector.

Bitcoin is approaching a potential new all-time high as significant movements in the derivatives market and increased buying from large holders are observed. Nasdaq's proposal to raise options limits for BlackRock's iShares Bitcoin Trust (IBIT) from 250,000 to 1 million contracts is seen as a pivotal factor in this development, indicating a surge in institutional interest in Bitcoin derivatives.

CoinShares has withdrawn its SEC filing for a staked Solana ETF, a move that comes amid a fluctuating market for cryptocurrency exchange-traded funds (ETFs). Analysts had anticipated the launch of more Solana ETFs by 2025, driven by investor interest in yield-bearing opportunities through staking and network validation.

CoinShares has officially withdrawn its filing with the SEC for a staked Solana ETF, a decision made amid a fluctuating market for cryptocurrency exchange-traded funds (ETFs). Analysts had previously anticipated the launch of more Solana ETFs by 2025, driven by increasing investor interest in yield-bearing opportunities through staking and network validation.

Arthur Hayes, co-founder of BitMEX, asserts that Bitcoin's recent dip to $80,000 signifies a market bottom rather than the onset of a bear market. He believes that the liquidity-driven reset is concluding, with dollar liquidity now stabilizing, which could support a price increase for Bitcoin.