BlackRock Ethereum ETF Options Decision Postponed By US SEC
The post BlackRock Ethereum ETF Options Decision Postponed By US SEC appeared on BitcoinEthereumNews.com.
The United States Securities and Exchange Commission (SEC) has postponed its decision on a proposed rule change under which Nasdaq ISE LLC may list and trade options on the iShares Ethereum Trust managed by BlackRock. The decision, originally expected by September 26 has been postponed to November 10, 2024 This move allows the SEC additional time to consider the proposal, which could pave the way for new opportunities in the options market tied to Ethereum. BlackRock Ethereum ETF Options Decision Postponed According to a recent filing by the SEC, the decision on the proposed options of the BlackRock Spot Ethereum ETF has been delayed. The exchange that proposed the option, Nasdaq ISE LLC, sought approval from the Securities and Exchange Commission to amend its listing rules to include options on the iShares Ethereum Trust, a BlackRock-managed fund. The initial deadline for the SEC’s decision was September 26, but the regulatory agency has moved the date further. Per the US SEC, the extension is needed to adequately consider the proposed rule change. The new timeline for the decision has been set for November 10, 2024. This delay constitutes a part of the regulatory approach guiding the launch of financial products like options and other derivatives, including those related to cryptocurrencies including Ethereum. The delay in the decision regarding the BlackRock Ethereum ETF options follows the SEC’s recent approval of options for BlackRock’s Bitcoin ETF. On September 20th, the SEC approved options on BlackRock’s iShares Bitcoin Trust for trading on the Nasdaq, allowing the exchange to list and trade these options under the symbol IBIT. Spot ETH ETF Market Faces Outflows Amid Delays As the Securities and Exchange Commission weighs on the BlackRock Ethereum ETF options proposal, the overall spot Ethereum ETF market has been experiencing a decrease in interest. Lately, there…
Filed under: News - @ September 25, 2024 4:25 am