NYSE Arca and NYSE American have submitted rule changes to the U.S. Securities and Exchange Commission and received an exemption from the 30-day waiting period, officially removing the previous 25,000-contract position and exercise limit for spot Bitcoin and Ethereum ETF options. This brings them under the same framework as other commodity ETF options. The position limits for these options will be dynamically adjusted based on trading volume and liquidity, with some highly liquid products allowed to exceed 250,000 contracts. FLEX options trading will also be permitted. (The Block)