Golden Finance reports that according to a public regulatory document, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to increase the position limit for the BlackRock Bitcoin Spot 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. The position limit refers to the maximum number of shares that a single investor or institution can hold in the ETF. The head of Bitwise Alpha Strategies stated: 'Given the increasing trading volume of the ETF, it would be reasonable to at least raise the position limit to 400,000 shares. Nasdaq and BlackRock's request is reasonable and supported by facts.'

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