Woofun AI reports that the SEC has approved a rule change from NYSE American, increasing the options holding and exercise limit for BlackRock’s Bitcoin spot ETF, IBIT, from 250,000 to 1 million contracts. This adjustment takes effect immediately, following similar approvals by Nasdaq ISE, Nasdaq PHLX, and BOX. NYSE American stated that the previous cap restricted institutional hedging strategies and market maker liquidity, noting that the increase improves competitiveness against OTC markets.