Nasdaq wants to remove restrictions on BlackRock, Fidelity ETFs

Nasdaq is seeking support from the Securities and Exchange Commission (SEC) to region restrictions connected options trading of crypto exchange-traded funds (ETFs) by starring issuers specified arsenic BlackRock (NYSE: BLK) and Fidelity Investments.

On Jan. 21, Nasdaq filed a signifier with the securities regulator to amend options presumption bounds rules and workout bounds rules connected definite crypto assets.

Related: Multicoin Capital's Kyle Samani asks BlackRock and Fidelity to take Solana

A crypto ETF is a fund that is traded connected a regular trading exchange, tracks the terms of a cryptocurrency, and gives investors indirect crypto vulnerability done a accepted avenue.

Following the SEC approval, starring plus managers similar BlackRock launched ETFs linked to Bitcoin (BTC) and Ethereum (ETH) successful 2024.

If the SEC approves the proposal, the pursuing crypto funds volition get affected:

• BlackRock's iShares Bitcoin Trust ETF (Nasdaq: IBIT)

• Grayscale Bitcoin Trust ETF (NYSE: GBTC)

• Grayscale Bitcoin Mini Trust ETF (NYSE: GBTC)

• Bitwise Bitcoin ETF (NYSE: BITB)

• Fidelity Wise Origin Bitcoin Fund (BATS: FBTC)

• ARK 21Shares Bitcoin ETF (BATS: ARKB)

• VanEck Bitcoin ETF (BATS: HODL)

• BlackRock's iShares Ethereum Trust ETF (Nasdaq: ETHA)

• Fidelity Ethereum Fund (BATS: FETH)

• Bitwise Ethereum ETF (NYSE: ETHW)

• Grayscale Ethereum Trust ETF (NYSE: ETHE)

• Grayscale Ethereum Mini Trust ETF (NYSE: ETH)

Nasdaq seeks contiguous effectiveness of the projected regularisation change, which eliminates the erstwhile 25,000 presumption and workout bounds restrictions for options connected the crypto ETFs listed above.

Once approved, these funds volition be subject to the modular presumption limits outlined successful the Nasdaq Options Market rules, arsenic applied to other ETF options.

Nasdaq said the alteration would pb to "just" and "equitable" trading principles, an extremity to discrimination, and a escaped and unfastened marketplace via a accordant regulatory regime.

In addition, the alteration doesn't widen immoderate important load connected contention and aims to support investors, Nasdaq added.

The banal speech asked the regulator to waive the modular 30-day hold and marque the connection effectual immediately.

As per the on-chain analytics level SoSoValue, spot Bitcoin ETFs and spot Ether ETFs person cumulative full nett inflows of $56.6 cardinal and $12.34 billion, respectively, arsenic of Jan. 22.

• BlackRock reveals retail traders' adjacent portfolio move

• JPMorgan turns bullish connected crypto ETFs

• Dogecoin enters Nasdaq with caller ETF

Delaware Life Insurance Company announced connected Jan. 20 that it will adhd the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed scale annuity (FIA) product suite.