CandleFocus SEC punts decision on options trading for spot Ethereum ETFs
2024-11-09
Author: Content Editor
The US Securities and Exchange Commission (SEC) has postponed its decision on approving options trading on Ethereum (ETH) exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE). The SEC cited the need for additional time to review the proposal and assess market implications. The decision affects Bitwise’s ETHW, Grayscale’s ETHE, Ethereum Mini Trust, and BlackRock’s ETHA. The SEC has invited interested parties to submit arguments within 21 days about whether options for Ethereum ETFs should be approved or disapproved. The Options Clearing Corporation (OCC) and the Commodity Futures Trading Commission (CFTC) would also need to give their approval. The addition of options trading could attract more liquidity and cash flow to Ethereum ETFs, which currently have negative net flows.
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