Ethereum (ETH) News: SEC Review Period Extended for Ethereum ETFs
Ethereum ETF Options Trading Delayed
On September 23, 2024, the US Securities and Exchange Commission (SEC) published two separate notices announcing the extension of its review periods for multiple Ethereum ETFs.
- BlackRock’s iShares Ethereum Trust (ETHA)
- Bitwise’s Ethereum ETF (ETHW)
- Grayscale’s Ethereum Trust (ETHE)
- Ethereum Mini Trust (ETH)
All these funds are currently awaiting the regulatory body’s approval for options trading.
Options Trading for Spot Ethereum ETF on Hold
The SEC had initially set a decision deadline of September 26 and 27, 2024. Now, this deadline has been extended to November 10 and 11, 2024. The SEC's decision to delay is based on Section 19(b)(2) of the Securities Exchange Act, which permits the SEC to extend its review period if it needs additional time to consider the implications of approving such financial products.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.