NYSE Arca and NYSE American have scrapped the 25,000-contract position and exercise limits on options tied to spot Bitcoin (BTC) and Ether (ETH) ETFs. This makes them the last major US options exchanges to complete the transition. The SEC waived its standard 30-day review period on both filings, allowing the changes to take effect immediately. What Changed and Why It Matters for Crypto ETF Options The rule changes cover options on 11 crypto ETF products, including BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin ETF (ARKB), and Grayscale’s Bitcoin and Ethereum trusts