According to a public regulatory filing, Nasdaq has filed an application with the Securities Exchange Commission (SEC) to increase the position limit of the BlackRock Spot Bitcoin ETF (IBIT) from 25,000 to 250,000. It should be noted that this application also requires the approval of the SEC to take effect. The position limit refers to the maximum share of the ETF that a single investor or institution can hold. The head of Bitwise Alpha Strategies said: "Given the increasing volume of the ETF, it would be reasonable to at least raise the position limit to 400,000. Nasdaq and BlackRock are reasonable and supported by facts."