Nasdaq ISE has filed with the SEC to significantly increase position and exercise limits for options on the iShares Bitcoin Trust, a move intended to bring the fund in line with major equities and deepen institutional access. This filing comes amid rapid growth in the fund's options activity. Furthermore, the State of Texas has taken a significant step by purchasing $5 million worth of the trust's shares as part of a plan to build a state-based crypto reserve, signaling institutional adoption.