SEC Postpones Decision on BlackRock and Bitwise Spot Ethereum ETF Options
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Nasdaq’s proposed rule change to list and trade options on BlackRock’s iShares Ethereum Trust (ETHA).
Originally expected by September 26, the SEC’s decision has now been pushed back to November 10.
In a Thursday press release, the agency said the delay allows it to assess the potential implications of such a move on market stability.
Approving options for a spot Ethereum exchange-traded fund (ETF) could further bridge the gap between digital assets and conventional finance.
Supporters argue that the introduction of such options would bring additional liquidity to the market and potentially stimulate bullish momentum.
If granted approval, the options would adhere to the same regulatory standards as other ETF-linked derivatives.
This would provide investors with new avenues to hedge against or speculate on Ethereum’s price fluctuations, enhancing the range of investment tools available for both retail and institutional investors.
The proposal, submitted on July 22, aims to modify existing rules to permit options trading on BlackRock’s iShares Ethereum Trust.
SEC delays decision on #Ethereum ETF options until Nov 10, following Bitcoin approval.
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