It has the US Securities and Exchange Commission. Postponed The Nasdaq International Securities Exchange's decision on proposed rule changes to allow listing and trading of options on BlackRock's iShares Ethereum Trust (ETHA).
The decision, which was originally expected on September 26, has now been delayed until November 10, giving the SEC more time to assess its impact on market stability.
The final decision of the SEC Ethereum Options can further integrate cryptocurrency into traditional financial markets. Some argue that options could usher in another wave of liquidity for crypto ETFs. Motivating market behavior..
If approved, the options will follow the same regulatory framework as other ETF-linked derivatives, providing investors with new ways to predict or predict the price movement of Ethereum.
Under Section 19(b)(2) of the Securities Exchange Act, the regulator may delay its decision for up to 90 days, allowing for a more thorough assessment of market stability and risk.
of ProposalIn the year Filed on July 22, it aims to amend existing rules to allow options trading on BlackRock's iShares Ethereum Trust, which holds Ethereum managed by Coinbase and cash reserves at Bank of New York Mellon.
The trust is structured as a passive investment vehicle, focusing solely on exposure to Ethereum without engaging in stock or share-backed activities.
This decision comes on Monday when the same approval SEC green light options trading On the BlackRock iShares Bitcoin Trust (IBIT). The approval followed several reforms to address concerns over market manipulation and excessive risk-taking.
In a related development, the SEC has also postponed Buyer On a separate proposal by NYSE American LLC to list and trade options on Bitwise Ethereum ETF, Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust.
As the SEC ponders its decision on Ethereum options, the Ethereum ETF market is in turmoil. Have you seen Ethereum ETFs? The largest net exits More than 79 million dollars on Monday since July.
The move was led by Greyscale's spot Ether ETF (ETHE), which posted a record $80.6 million in one day – the biggest since the spot ether ETF launched earlier this year.
Edited by Sebastian Sinclair
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