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US SEC Delays Decision on Options Linked to Spot Ether ETFs
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Market Musing-g

US SEC Delays Decision on Options Linked to Spot Ether ETFs

TheNewsCrypto
By TheNewsCrypto
6 months ago
2 mins read
US SEC Delays Decision on Options Linked to Spot Ether ETFs
  • The filing states that the agency’s ruling deadline has been extended from Oct 19 to Dec 3.
  • Cboe requested permission to offer options in August in their filing with the SEC.

According to a filing made on October 11th, the US Securities and Exchange Commission (SEC) has once again delayed. Deciding on whether or not an exchange list options linked to spot Ethereum ETFs.

According to the filing, the SEC has postponed deciding on a rule change proposal. That would allow Cboe Exchange to offer options linked to many popular spot ETH funds. The filing states that the agency’s ruling deadline has been extended from October 19 to December 3.

Clearance Anticipated by Year’s End

The iShares Ethereum Trust ETF (ETF) by BlackRock, the Fidelity Ethereum Fund, the Grayscale Ethereum Trust, and the Grayscale Mini Ethereum Trust were among the nine ETFs that Cboe requested permission to offer options on in August in their filing with the SEC.
Moreover, a comparable rule change request by Nasdaq’s electronic exchange to offer options on iShares Ethereum Trust was postponed by the SEC in September. Option listings for BlackRock’s iShares Bitcoin Trust (IBIT), an exchange-traded fund (ETF) focused on bitcoin, were greenlit by the SEC on September 20.
Prior to their listing, the Bitcoin options are awaiting final approvals from the CFTC and the Options Clearing Corporation. US options on Bitcoin exchange-traded funds (ETFs) are expected to debut in the first quarter of 2025. This is according to Bloomberg Intelligence analyst James Seyffart. The analyst predicts that options might be available by year’s end, with Q1 2025 being the most probable window.

Options are agreements that provide the right to purchase or sell, or “call” or “put” as it is called in the trading world, an underlying asset at a predetermined price. The US OCC steps in to resolve trade disputes when one side does not comply with the agreement.

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