The NYSE completes rule change to remove trading limits for crypto ETF options.

CoinFeed reported on March 23 that, according to The Block, NYSE Arca and NYSE American, subsidiaries of the New York Stock Exchange, have submitted rule changes to the SEC to eliminate the 25,000-contract position and exercise limit for spot Bitcoin and Ethereum ETF options. The SEC waived the standard 30-day waiting period for these two filings, making the changes effective immediately upon submission. This marks the completion of this adjustment by all major U.S. options exchanges. The rule change covers 11 crypto ETF products, including BlackRock IBIT, Fidelity FBTC, ARK 21Shares ARKB, Grayscale Bitcoin and Ethereum Trust, and Bitwise's Bitcoin and Ethereum ETF. These products can now determine position limits according to each exchange's standard framework, with large, liquid ETFs allowed a limit of 250,000 contracts or more.