PANews reported on January 7 that according to a public regulatory document, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to increase the holding limit of the BlackRock Spot Bitcoin ETF (IBIT) from 25,000 to 250,000. It should be noted that this application still needs the approval of the SEC to take effect. The holding limit refers to the maximum share of the ETF that a single investor or institution can hold.

The head of Bitwise Alpha Strategies said: “Considering the increasing trading volume of the ETF, it is reasonable to at least increase the holding limit to 400,000 shares. The demands of Nasdaq and BlackRock are reasonable and supported by facts.”