The post SEC pushes back decision to open up options trading on spot Ethereum ETFs appeared on BitcoinEthereumNews.com.

Key Takeaways The SEC has extended the decision deadline for Ethereum ETF options trading to mid-November. Recent SEC approval of Bitcoin ETF options could signal positive outcomes for spot Ethereum products. The US Securities and Exchange Commission (SEC) has postponed its decision on whether it will approve a rule change allowing options trading on spot Ethereum exchange-traded funds (ETFs). The agency said in a filing Tuesday that it was extending the deadline for its decision on a proposed rule change by Nasdaq ISE to list and trade options on the BlackRock iShares Ethereum Trust, also known as ETHA. In a separate filing issued today, the SEC also decided to delay its ruling on a proposed rule change by NYSE American LLC to list and trade options on the Bitwise Ethereum ETF, the Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change,” the SEC wrote. The new deadlines are now set for November 10 for Nasdaq ISE and November 11 for NYSE American LLC. BlackRock and Nasdaq submitted a filing proposing a rule change to list and trade options for ETHA on August 6. The proposal aims to broaden investor access and provide them with a low-cost investment instrument for gaining exposure to Ethereum. Shortly after Nasdaq’s filing, NYSE American submitted a proposal listing options for Ethereum ETFs managed by Grayscale and Bitwise. Options trading for BlackRock’s iShares Bitcoin Trust (IBIT) was approved by the SEC on September 20, marking an important development for spot Bitcoin ETFs. According to Bloomberg ETF analyst Eric Balchunas, the nod is a “huge win” for Bitcoin ETFs as it is expected to bring…

---

Filed under: News - @ September 25, 2024 1:22 am