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The Nasdaq International Securities Exchange has proposed to the Securities and Exchange Commission to list and trade options on a new trust managed by BlackRock.The iShares Ethereum Trust, as <a href="https://www.sec.gov/files/rules/sro/ise/2024/34-100661.pdf" rel="noopener noreferrer nofollow">detailed in the filing</a> on Tuesday, will hold only Ethereum with Coinbase and cash with The Bank of New York Mellon. The trust will not participate in Ethereum proof-of-stake validation or use its assets to generate additional income through staking, ensuring it remains a strictly passive investment vehicle.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ae4a368fdf89443eb344d7cc04fa4d9b.png" /><h3 id="nasdaq-s-proposal-to-expand-ethereum-investment-tools">Nasdaq’s Proposal to Expand Ethereum Investment Tools</h3>The Nasdaq International Securities <a href="https://cryptosheadlines.com/okx-crypto-exchange-aims-to-establish-france-as-regional-hub-hiring-100-staff/" rel="noopener noreferrer nofollow">Exchange aims</a> to broaden investment options for Ethereum and make crypto investments more accessible in traditional financial markets. The proposal is designed to offer investors a new way to gain exposure to Ethereum through options trading on a BlackRock-managed trust.While the shares are not a <a href="https://cryptosheadlines.com/bitcoin-etfs-vs-direct-ownership-where-to-invest/" rel="noopener noreferrer nofollow">direct investment</a> in ether, they provide an alternative method for investors to access ether through public securities markets, which may be more familiar to them, according to the filing. Nasdaq believes that this rule change will benefit investors by offering a lower-cost way to invest in Ethereum, catering to needs such as hedging and speculation.<h3 id="options-trading-proposal-for-blackrock-s-ethereum-trust">Options Trading Proposal for BlackRock’s Ethereum Trust</h3>Traders use options to manage potential losses or to speculate on the future price of assets like stocks or ETFs. Unlike futures, options offer flexibility as individuals can decide whether or not to execute the trade.This proposal comes after the <a href="https://cryptosheadlines.com/sec-approves-bitcoin-etfs-widening-crypto-access/" rel="noopener noreferrer nofollow">SEC’s recent approval of several crypto ETFs</a> in the U.S., including the first spot Bitcoin ETFs earlier this year and multiple Ethereum ETFs in May 2024. The SEC’s approval represents a significant shift, as similar <a href="https://cryptosheadlines.com/winklevoss-claims-sec-pushes-investors-towards-risky-crypto-products-and-ftx/" rel="noopener noreferrer nofollow">crypto products</a> faced opposition and denial for over five years.<a href="https://cryptosheadlines.com/exploring-the-best-ongoing-presales-in-2024-render-soars-high-in-value-after-a-successful-rebranding/" rel="noopener noreferrer nofollow">Also Read: Exploring the Best Ongoing Presales in 2024: Render Soars High in Value After a Successful Rebranding</a>If approved, options on the <a href="https://cryptosheadlines.com/blackrocks-ishares-bitcoin-etf-disappears-and-reappears-on-dtcc-site/" rel="noopener noreferrer nofollow">BlackRock iShares</a> Ethereum Trust will follow the same listing and trading rules as other ETFs. This includes criteria for underlying securities, expiration dates, strike prices, and trading halts.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ae4a368fdf89443eb344d7cc04fa4d9b.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ae0bfd4e8cd9458797d2851195b3874d.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>Join our official TG Channel: <a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">https://t.me/CryptosHeadlines</a>

Nasdaq Seeks SEC Approval for BlackRock’s Ethereum Trust Options

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