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The US Securities and Exchange Commission (SEC) has approved the rule change proposal submitted by the NASDAQ ISE exchange, which increases the limit for holding and exercising iShares Bitcoin Trust (IBIT) options in the same market direction from 250000 contracts to 1 million contracts. The SEC stated that the new limit complies with Section 6 (b) (5) of the Securities Exchange Act of 1934, helps prevent fraudulent and manipulative behavior, and protects investors and the public interest.