Ethereum

Bitcoin ETF

The United States Securities and Exchange Commission (SEC) has once again postponed ruling on whether an exchange can list options tied to spot Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="" target="_self" text="null" title="https://cointelegraph.com/ethereum-price">ETH</a>) exchange-traded funds (ETFs), according to an Oct. 11 filing.
The SEC has delayed deciding on a proposed rule change permitting Cboe Exchange to list options tied to several popular spot ETH funds, the filing <a data-ct-non-breakable="null" href="https://www.sec.gov/files/rules/sro/cboe/2024/34-101321.pdf" rel="null" target="null" text="null" title="null">said</a>.
The deadline for a ruling from the agency has been pushed back from Oct. 19 to Dec. 3, according to the filing.
<figure>
 <img alt="SEC again delays decision on spot Ethereum ETF options" src="https://s3.cointelegraph.com/uploads/2024-10/01927d7e-1991-719a-9d65-01737681f11d" title="">
 <figcaption style="text-align: center;">
 The SEC cleared options on iShare’s spot Bitcoin ETF in September. Source:&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/investment-managers-upside-bitcoin-options-debut" rel="null" target="null" text="null" title="https://cointelegraph.com/news/investment-managers-upside-bitcoin-options-debut">Eric Balchunas</a>
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-etf-options-expected-q1-2025-bloomberg-analyst" rel="null" target="null" text="null" title="null">Bitcoin ETF options expected by Q1 2025: Bloomberg analyst</a>
In August, Cboe filed with the SEC requesting authorization to list options on nine ETFs, including BlackRock’s iShares Ethereum Trust ETF, Fidelity Ethereum Fund, Grayscale Ethereum Trust, and Grayscale Mini Ethereum Trust, among others.
In September, the SEC <a data-ct-non-breakable="null" href="https://www.sec.gov/files/rules/sro/ise/2024/34-100661.pdf" rel="null" target="null" text="null" title="null">delayed</a> a similar proposed rule change from Nasdaq’s electronic exchange requesting a greenlight to list options on iShares Ethereum Trust.
On Sept. 20, the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/sec-options-blackrock-spot-bitcoin-etf" rel="null" target="null" text="null" title="null">SEC authorized Nasdaq</a> to list options tied to BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT).&nbsp;
The Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) options are awaiting final signoffs from the Commodity Futures Trading Commission (CFTC) and Options Clearing Corporation (OCC) before listing.
Options on BTC ETFs are likely to launch in the United States by the first quarter of 2025, according to James Seyffart, a Bloomberg Intelligence analyst.
“I think before the end of the year is possible for options, but more likely in Q1 2025,” <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-etf-options-expected-q1-2025-bloomberg-analyst" rel="null" target="null" text="null" title="null">Seyffart said on Oct. 9</a>.
<figure>
 <img alt="United States, Derivatives, Financial Derivatives, Bitcoin Options, Ethereum Options, BlackRock" src="https://s3.cointelegraph.com/uploads/2024-10/01927d88-0b52-78d5-9c4b-a037eda646f2" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/dgt10011/status/1837278352823972147" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/dgt10011/status/1837278352823972147">Jeff Park</a>
 </figcaption>
</figure>
Options are contracts granting the right to buy or sell — “call” or “put” in trader parlance — an underlying asset at a certain price. In the US, if one party fails to uphold the agreement, the OCC intervenes and settles the trade.&nbsp;
Listing spot crypto options on regulated US exchanges — where the OCC safeguards traders against counterparty risk — marks a “monumental advancement” in crypto markets and creates “extremely compelling opportunities” for investors, Jeff Park, Bitwise Invest’s head of alpha strategies, said in a Sept. 20 X <a data-ct-non-breakable="null" href="https://x.com/dgt10011/status/1837278352823972147" rel="null" target="null" text="null" title="null">post</a>.&nbsp;
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-adoption-financial-advisers" rel="null" target="null" text="null" title="null">Financial advisers</a>, who control as much as half of investment flows in the $9 trillion ETF market, rely on options to safeguard against sharp market movements. More than 10% of advisers actively used options to manage client portfolios as of 2023, according to a survey by The Journal of Financial Planning.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/10-crypto-theories-that-missed-as-badly-as-peter-todd-is-satoshi/" rel="" target="_self" text="null" title="https://cointelegraph.com/magazine/10-crypto-theories-that-missed-as-badly-as-peter-todd-is-satoshi/">10 crypto theories that missed as badly as ‘Peter Todd is Satoshi’</a><advertisement>
 <template data-name="subscription_form" data-type="law_decoded" label="Subscription Form: Law Decoded"></template>
</advertisement>

SEC again delays decision on spot Ethereum ETF options

Cointelegraph

Other articles published on Oct 11, 2024

Why are non-KYC exchanges trending? Here’s what you need to know

SEC Sues Cumberland Over Alleged $2B in Unregistered Crypto Sales

Thai SEC Proposes Rules Allowing Mutual and Private Funds to Invest in Digital Assets

Charles Hoskinson disses crypto community for being against him, says Cardano is the only real cr...

Ripple’s Chris Larsen donates $1 million in XRP to Kamala Harris

Last Chance To Enjoy Over 170% ROI on MoonBag Presale Before Its Launches at $0.003

Join our free newsletter for daily crypto updates!