Gold Finance reports that, according to a publicly available regulatory document, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to raise the position limit for BlackRock's spot Bitcoin ETF (IBIT) from 25,000 to 250,000. It is important to note that this application also requires SEC approval to take effect; the position limit refers to the maximum amount of the ETF that a single investor or institution can hold. The head of Bitwise Alpha Strategies stated, "Considering the increasing trading volume of this ETF, it would be reasonable to raise the position limit to at least 400,000. The requests from Nasdaq and BlackRock are reasonable and supported by factual evidence."

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