#BlackRock Bitcoin ETF Holding Limit to Increase#
Hot Topic Overview
Overview
Nasdaq has filed with the Securities and Exchange Commission (SEC) to increase the holding limit for the BlackRock spot Bitcoin ETF (IBIT) from 25,000 shares to 250,000 shares. This means the maximum amount of the ETF that a single investor or institution can hold would increase tenfold. The application comes in response to the rising trading volume of the ETF, with Bitwise Alpha Strategies head arguing that a holding limit of 400,000 shares would be more reasonable given the increasing volume. The application is still subject to SEC approval before it can take effect.
Ace Hot Topic Analysis
Analysis
Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to increase the holding limit for the BlackRock spot Bitcoin ETF (IBIT) from 25,000 shares to 250,000 shares. This means the maximum amount of the ETF that a single investor or institution can hold will be significantly increased. The application is based on the increasing trading volume of the ETF, and Nasdaq and BlackRock believe that raising the holding limit is reasonable. Jeff Park, head of Bitwise Alpha Strategies, believes that the holding limit should be raised to 400,000 shares, considering the increasing trading volume. Currently, the application still needs to be approved by the SEC to take effect.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Nasdaq has applied to increase the holding limit of BlackRock's Bitcoin spot ETF (IBIT) from 25,000 shares to 250,000 shares.
The application requires SEC approval to take effect.
Bitwise Alpha Strategies director believes that the holding limit should be raised to at least 400,000 shares, given the increasing trading volume.
Nasdaq and BlackRock's demands are reasonable and supported by facts.