SEC Postpones its Decision on Options on BlackRock’s Ethereum ETF
BlackRock and Nasdaq submitted in August a proposal to the SEC to allow options trading for their spot Ethereum ETF.
The agency is currently reviewing the proposal and has until April 9 to decide whether to approve it. This extended timeline has been deemed necessary by the SEC to thoroughly examine the proposal.
This follows the success of the SEC’s previous authorization of options trading for BlackRock’s spot Bitcoin ETF in September, which quickly became a major success.
By November, options for the Bitcoin ETF, known as IBIT, had seen explosive growth, with open interest surging to over $13 billion, accounting for over 50% of Deribit’s options open interest. IBIT quickly became a significant player in the ETF options market, rivaling established funds like the iShares 20+ Year Treasury Bond ETF (TLT).
