PANews reported on January 23 that, according to Cointelegraph, Nasdaq has submitted a rule change application to the U.S. Securities and Exchange Commission (SEC) to remove position limits on options contracts linked to a basket of spot Bitcoin and Ethereum ETFs. Previously, there was a cap of 25,000 contracts for these options contracts.

Nasdaq believes this move will give digital asset options the same treatment as other eligible listed options, eliminating unequal treatment without compromising investor protection. The proposal was submitted on January 7 and took effect on Wednesday. The SEC waived the standard 30-day waiting period, allowing the rule change to take effect immediately, but retained the power to suspend the change within 60 days if deemed necessary. The SEC has opened a comment period on the proposal, with a final decision expected in late February unless the rule is suspended for further review.