Federal Register #SR-NYSEAMER-2026-60

SEC Notice: Increased Position and Exercise Limits for IBIT ETF Options

This notice from the Securities and Exchange Commission (SEC) details a regulatory change impacting options trading on the iShares Bitcoin Trust ETF (IBIT): - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - iShares (BlackRock) as the issuer of the IBIT ETF - NYSE American LLC (exchange proposing the rule change) - Cboe C2 Exchange (regarding the Options Regulatory Fee) - Products/Services Requested: - Increase in position and exercise limits for options on the iShares Bitcoin Trust ETF (IBIT) from 250,000 to 1,000,000 contracts - Options Regulatory Fee (ORF) increase on Cboe C2 Exchange from $0.0003 to $0.01417 per contract - Unique or Notable Requirements: - The rule change is intended to enhance liquidity and market efficiency for IBIT options - The change aligns with similar proposals by other major exchanges (Nasdaq ISE, PHLX, BOX) - The notice includes market capitalization and trading volume analyses supporting the increase - No procurement of goods or services is involved; this is a regulatory action affecting trading limits and fees

Description

The Securities and Exchange Commission has issued a notice regarding a proposed rule change by NYSE American LLC to amend Rules 904 and 905. The amendments aim to increase position and exercise limits for options on the iShares Bitcoin Trust ETF to 1,000,000 contracts. The rule change is effective immediately and is intended to enable liquidity providers to offer additional liquidity and support trading strategies such as hedging and income generation. The proposal aligns with similar changes by other exchanges and reflects the growing market demand and capitalization of IBIT options.

View original listing