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Ethereum ETF Options Continue to Wait for SEC Approval

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Ethereum ETF Options Continue to Wait for SEC Approval

Key Points:

  • The SEC postponed its decision to allow BlackRock’s Ethereum ETF options trading until April 9, 2025.
  • The agency is also reviewing a request from Cboe BZX to list options for Fidelity’s spot Ethereum ETF, with public comments open for 21 days.

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to approve options trading for BlackRock’s iShares Ethereum Trust, according to a regulatory filing on Feb. 7.

Read more: Bitwise Bitcoin and Ethereum ETF Now Approved by SEC to Change Trading Rules 

SEC Postpones Decision on Ethereum ETF Options Until April 2025

The delay follows a request from Nasdaq ISE in July, seeking approval to list BlackRock’s spot Ethereum ETF options contracts. The agency now has until April 9, 2025, to make a final ruling.

While BlackRock’s iShares Ethereum Trust was among the first eight spot Ether ETFs approved by the SEC last year, the commission has yet to authorize options trading on these funds. Nasdaq’s proposed rule change would apply exclusively to ETHA, which is the only Ether ETF listed on its electronic exchange.

In a related move, the SEC also requested public comments on a separate proposal from Cboe BZX Exchange to list and trade options for Fidelity’s spot Ethereum ETF. The comment period will remain open for 21 days following its publication in the Federal Register.

Bitcoin ETF Options Success Raises Expectations for Ether ETFs

The debate over Ethereum ETF options trading has drawn mixed reactions. In response to Nasdaq’s proposal, Better Markets, a nonprofit financial reform advocacy group, urged the SEC to proceed cautiously. The organization cited the volatility of both spot Bitcoin and Ethereum ETFs as a key concern.

The SEC had previously approved options trading for BlackRock’s spot Bitcoin ETF in September, with trading beginning in November. These options saw rapid adoption, reaching over $13 billion in open interest and becoming one of the most active ETF options markets.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Avatar of John Kojo Kumi

John Kojo Kumi

08 February 2025, 03:44:00 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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