Ethereum (ETH) News: SEC Extends Review for Options Trading on Ethereum ETFs
The SEC has recently taken a pivotal step in the Ethereum (ETH) news cycle by announcing a delay in its decision on options trading for several Ethereum ETFs. Among those affected are BlackRock’s iShares Ethereum Trust (ETHA), Bitwise’s Ethereum ETF (ETHW), and Grayscale’s Ethereum Trust (ETHE). As these funds awaited approval, the SEC extended the initial deadlines from September 26 and 27, 2024, to November 10 and 11, 2024.
Options Trading for Spot Ethereum ETF on Hold
This postponement stems from Section 19(b)(2) of the Securities Exchange Act, which grants the SEC authority to extend review periods when evaluating complex financial products. In the context of BlackRock’s ETHA, the SEC indicated that more time was essential to understand the potential repercussions of allowing options trading.
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.