TechFlow news, January 7 — According to publicly available regulatory filings, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) requesting to increase the holding limit for BlackRock's spot Bitcoin ETF (IBIT) from 25,000 shares to 250,000 shares. It should be noted that this application requires SEC approval before taking effect. The holding limit refers to the maximum number of shares a single investor or institution can hold in the ETF.
The Head of Alpha Strategies at Bitwise commented: "Given the ETF’s steadily rising trading volume, increasing the holding limit to at least 400,000 shares would be reasonable. Nasdaq and BlackRock’s request is justified and supported by factual evidence."
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