Rumors circulated regarding possible changes to the deposit limits that Nasdaq maintains on IBIT derivatives instruments. Jeff Park, a cryptocurrency operations advisor, has stepped in to clarify the situation. According to information provided through NS3.AI, the U.S. exchange has not removed any of these restrictions, contrary to what some reports suggested.
What does exist is a deliberation phase initiative focused on standardizing the deposit caps applicable to various cryptocurrency-focused exchange-traded funds. This proposal aims to establish a consistent limit of 250,000 contracts for assets such as FBTC (Fidelity Bitcoin), ARKB (ARK Bitcoin), HODL, and Ethereum-backed ETFs. These same restriction levels are already in place for IBIT and BITB, so the measure seeks to create regulatory consistency across the segment.
Limit Increase Request: An Pending Process
Park also clarified that there is a formal request before Nasdaq to raise the IBIT options cap to 1 million contracts. However, this modification has not yet received regulatory approval. The process remains under review, pending approval from the relevant authorities.
Independent Verification: Advice for Investors
In light of the proliferation of conflicting information regarding these regulatory issues, Park urged market participants to verify data independently before making operational decisions. This recommendation aims to prevent the spread of inaccurate information that could unduly influence investment strategies.
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Nasdaq clarifies its position on the restriction of deposits in IBIT options
Rumors circulated regarding possible changes to the deposit limits that Nasdaq maintains on IBIT derivatives instruments. Jeff Park, a cryptocurrency operations advisor, has stepped in to clarify the situation. According to information provided through NS3.AI, the U.S. exchange has not removed any of these restrictions, contrary to what some reports suggested.
Cryptocurrency ETF Deposit Limit Normalization Proposal
What does exist is a deliberation phase initiative focused on standardizing the deposit caps applicable to various cryptocurrency-focused exchange-traded funds. This proposal aims to establish a consistent limit of 250,000 contracts for assets such as FBTC (Fidelity Bitcoin), ARKB (ARK Bitcoin), HODL, and Ethereum-backed ETFs. These same restriction levels are already in place for IBIT and BITB, so the measure seeks to create regulatory consistency across the segment.
Limit Increase Request: An Pending Process
Park also clarified that there is a formal request before Nasdaq to raise the IBIT options cap to 1 million contracts. However, this modification has not yet received regulatory approval. The process remains under review, pending approval from the relevant authorities.
Independent Verification: Advice for Investors
In light of the proliferation of conflicting information regarding these regulatory issues, Park urged market participants to verify data independently before making operational decisions. This recommendation aims to prevent the spread of inaccurate information that could unduly influence investment strategies.