Bitwise Advisor: Nasdaq has not removed IBIT options position limits.

PANews reported on February 8th that Bitwise advisor Jeff Park clarified rumors circulating in the market, stating that recent claims that "Nasdaq has removed the option position limit for IBIT, thus giving Wall Street unlimited leverage" are untrue. "Removing standard restrictions on crypto assets" is not equivalent to "completely removing restrictions"; it merely corrects the damage caused by previous government-imposed non-standard restrictions on cryptocurrencies. The position limit for other Bitcoin ETFs (such as FBTC, ARKB, and HODL) and Ethereum ETFs has been increased from 25,000 options to the standard 250,000 options to ensure level competition among issuers. IBIT already enjoys this standard limit and is therefore not included in this change. Furthermore, an application was submitted last November to increase the IBIT limit from 250,000 to 1 million options, but this has not yet been approved.