SEC Extends Review on Bitcoin Trust Options Position Limits
Published Date: 1/8/2026
Notice
Summary
Nasdaq ISE wants to raise the limits on how many iShares Bitcoin Trust (IBIT) options traders can hold and exercise. The SEC is taking extra time to review this change, which could affect investors who trade these Bitcoin-related options. No money changes yet, but the decision deadline just got pushed back to give regulators more time to think it over.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Proposed higher limits for IBIT options
Nasdaq ISE filed a proposal on November 13, 2025, and it was published in the Federal Register on November 26, 2025, to increase the position and exercise limits for options on the iShares Bitcoin Trust (IBIT). The change is a proposal only and has not been approved or implemented yet, so it could affect investors who trade IBIT options if adopted.
Amendment removes proposed FLEX rule changes
On November 24, 2025, Nasdaq ISE filed Amendment No. 1 which superseded the original proposal and proposes to remove the previously proposed changes to Options 3A (FLEX Options) trading rules for IBIT. This means the Exchange is not pursuing the FLEX trading rule changes as part of this filing unless a future amendment reintroduces them.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-06475 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Cboe Rule 5.4
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