ChainCatcher news, according to a public regulatory document, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to raise the position limit of the BlackRock spot Bitcoin ETF (IBIT) from 25,000 shares to 250,000 shares. It is important to note that this application also requires SEC approval to take effect, and the position limit refers to the maximum number of shares that a single investor or institution can hold in this ETF.

The head of Bitwise Alpha Strategies commented: "Given the continuously increasing trading volume of this ETF, it would be reasonable to raise the position limit to at least 400,000 shares. Nasdaq and BlackRock's request is reasonable and supported by factual evidence."