Breaking: US SEC Delays Decision On Ethereum ETF Options Trading

The US Securities and Exchange Commission (SEC) has again delayed its decision on the New York Stock Exchange’s (NYSC) proposed rule change to offer options trading. This move comes despite the fact that the US SEC has already approved options trading for the Bitcoin ETFs.

US SEC Delays Decision On Options Trading For Ethereum ETFs

The US SEC indicated in its latest release that it would need more time to consider the NYSE’s proposed rule change to list and trade options on the Ethereum ETFs on the exchange. The regulator also called for written comments from the public on whether they should approve the proposed rule change or not.

The SEC had in September delayed its decision on the rule change and extended the deadline till November 11. Following their latest decision, the Commission will have until sometime in December to determine whether or not they want to approve NYSE options trading for these Ethereum ETFs.

If approved, the proposed rule change as regards to options trading would cover Bitwise Ethereum ETF, Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust and any other Ethereum Trust that the exchange lists in the future.

Meanwhile, the US SEC is also meant to decide on the Nasdaq’s proposed rule change to list and trade options on BlackRock’s iShares Ethereum Trust, which is the only Ethereum ETF on the exchange.  However, the Commission has yet to make a release to that effect, although it will also likely delay its decision on the Nasdaq’a proposed rule change.

It is worth mentioning that the SEC has already approved options trading on the Bitcoin ETFs, including BlackRock’s IBIT, which recently saw its largest daily inflow of $1 billion.

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