As per Bitjie.com, Nasdaq has proposed increasing the position limit for options on the iShares Bitcoin Trust (IBIT) from 250,000 to 1,000,000 contracts, aligning it with major ETFs like the iShares MSCI Emerging Markets ETF and SPDR Gold Trust. This move positions Bitcoin as a 'megacap' asset, akin to the so-called 'Mag 7' tech stocks, and reflects growing institutional recognition of Bitcoin as a strategic asset class. The adjustment allows market makers to hedge larger positions from institutional clients such as pension funds and macro hedge funds, addressing Bitcoin's volatility and expanding infrastructure to meet institutional trading demands. IBIT has become the largest Bitcoin options market in open interest, surpassing platforms like Deribit. The change also enables banks to create structured products such as notes and principal-protected baskets using the same infrastructure as equity-linked notes. This development highlights the deepening integration of Bitcoin into institutional portfolios through enhanced derivatives infrastructure and risk management tools.
Nasdaq Elevates IBIT to Mag 7 Level, Signaling Accelerated Institutional Bitcoin Adoption
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