According to @EricBalchunas, the SEC has approved a significant increase in the position limit for options on IBIT, raising the cap from 25,000 to 250,000 contracts, representing a tenfold boost. The SEC also authorized the use of FLEX options for IBIT. This regulatory update is expected to enhance liquidity and trading flexibility for IBIT options, potentially attracting more institutional interest and impacting the broader crypto derivatives market. Source: @EricBalchunas.