BlackRock and Nasdaq Propose Ethereum ETF Options; SEC Review to Conclude by April 2025
The post BlackRock and Nasdaq Propose Ethereum ETF Options; SEC Review to Conclude by April 2025 appeared on BitcoinEthereumNews.com.
BlackRock and Nasdaq’s proposal to list Ethereum ETF options is under SEC review, with a final decision expected by April 2025. Approval of these options would provide investors with a lower-cost tool for exposure and hedging in Ethereum investments. Following CNF’s recent update on BlackRock and Nasdaq urging approval of a spot Ethereum ETF, BlackRock and Nasdaq are set to list and trade options for the iShares Ethereum Trust (ETHA), according to a filing submitted to the U.S. Securities and Exchange Commission (SEC). The proposal, posted on Tuesday, seeks to amend rules to allow options trading on this spot Ethereum exchange-traded fund. In his recent tweet, Collin Brown stated that it’s a significant move for BlackRock and Nasdaq to file for listing options on the iShares Ethereum Trust (ETHA). 🚨 Big move! BlackRock and Nasdaq have filed to list options on the iShares Ethereum Trust (ETHA). Comments on the proposal are due in 21 days, with a final SEC decision expected in April 2025. 📈💼#Ethereum #BlackRock #Nasdaq #Crypto #ETF pic.twitter.com/2iI0AfD4xN — Collin Brown (@CollinBrownXRP) August 7, 2024 He also noted that comments on the proposal are due in 21 days, with a final SEC decision expected in April 2025. The filing indicates that offering options on the Trust aims to benefit investors by providing a cost-effective tool for gaining exposure to spot ether and a hedging mechanism for ether-related investments. It reads: The Exchange believes that offering options on the Trust will benefit investors by providing them with an additional, relatively lower-cost investing tool to gain exposure to spot ether as well as a hedging vehicle to meet their investment needs in connection with ether products and positions. BlackRock’s Ethereum ETF, approved along with eight others in May, began trading last month. Comments on this proposal are due in 21…
Filed under: News - @ August 7, 2024 7:10 pm