Introduction Nasdaq has submitted a rule change to the U.S. Securities and Exchange Commission aimed at removing caps on options tied to spot Bitcoin and Ether ETFs, signaling a broader push to align crypto derivatives with traditional commodity-based funds. The move, effective immediately after a January filing, could expand hedging activity and speculative liquidity as regulators review the proposal. Key Takeaways Nasdaq filed a rule change to lift the 25,000-contract cap on options tied to spot Bitcoin and Ether ETFs listed on Nasdaq. The SEC waived the standard 30-day waiting period, making the change effective immediately with a potential 60-day review window. The proposal seeks to treat digital assets in the same manner as other eligible commodities within listed options. Nasdaq has been expanding its crypto derivatives footprint, building on prior steps to list options on single-asset crypto ETFs as commodity-based trusts. Tickers mentioned: $BTC, $ETH, $XRP, $SOL, $LINK, $ADA,...