COINOTAG News, citing Cointelegraph, reports that Nasdaq has filed an application with the U.S. Securities and Exchange Commission to elevate BlackRock‘s IBIT futures limit to 1 million contracts, the ceiling permitted by the regulator.

If approved, the increase would widen liquidity and provide larger hedging capacity for institutional traders within the IBIT futures framework, reflecting ongoing demand for scalable crypto derivatives and disciplined risk management through regulated venues.

Market observers will await the SEC’s review, with a decision likely influencing how large traders access regulated futures, while signaling a maturation of the plumbing that supports institutional participation in digital asset markets.