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Nasdaq has submitted a rule change application to the U.S. SEC to remove the position limits for Bitcoin and Ethereum spot ETF options, aiming to apply the same rules to crypto ETF options as other commodity ETFs. The proposal was submitted on January 7 and involves the current limit of 25,000 contracts for related options, covering institutional products from BlackRock, Fidelity, Grayscale, ARK/21Shares, VanEck, and others. The SEC is expected to make a final decision by the end of February.