The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Nasdaq’s proposed rule change regarding the listing and trading of options.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Nasdaq’s proposed rule change regarding the listing and trading of options on BlackRock and Bitwise’s spot Ethereum exchange-traded funds (ETFs).
The ruling, originally set for this Thursday, will now be delayed until November 10, as stated in a release from the agency.
The SEC's decision follows the recent approval for options trading on BlackRock’s iShares Bitcoin Trust (IBIT), which was granted last week. This approval has been characterized as a significant development for bitcoin ETFs, according to industry analysts.
In addition to BlackRock's proposals, the SEC has also delayed a ruling on NYSE American’s plan to list and trade options on Bitwise’s spot Ethereum ETFs, which include the Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust.
The new deadline for this decision has been set for November 11.
The Nasdaq International Securities Exchange submitted the proposal for IBIT options on August 6, aiming to simplify access to Ethereum ETFs for both retail and institutional investors.
The proposal emphasized that the shares are designed to eliminate the complexities and operational burdens typically associated with direct investments in ether.
Despite these developments, the nine spot Ethereum ETFs have faced challenges, with a total of over $624 million in outflows since their launch on July 23.
BlackRock’s ETHA, however, has managed to attract substantial investments, holding net assets of approximately $977 million and accumulating $1.10 billion in net inflows, the highest among its peers according to SoSoValue.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
