The post SEC Delays Decision on BlackRock’s Spot Ethereum ETF Options Until April appeared first on Coinpedia Fintech News
In a latest development, the US SEC has postponed its decision on BlackRock’s proposal to list and trade options on its spot Ethereum exchange-traded fund (ETF). The new deadline for the SEC’s decision is set for April 9, 2025.
The SEC said it will decide on April 9, 2025, whether to approve or disapprove allowing options trading on the world’s largest asset manager’s iShares Ethereum Trust, according to the filing. The SEC stated that it needs more time to review the proposed rule change and consider the issues raised before making a decision.
“The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the agency said.
BlackRock’s spot Ethereum ETF was approved in May and began trading in the summer. In August, Nasdaq, on BlackRock’s behalf, filed a rule change to list and trade options for the iShares Ethereum Trust.
Two letters were submitted about Nasdaq’s proposal. One, from Better Markets, warned the SEC to be careful before allowing options trading for spot bitcoin and Ethereum ETFs because of their volatility.
Besides, on Friday, the SEC requested public comments on a proposal from Cboe BZX Exchange Inc., representing Fidelity, to list and trade options on its spot Ethereum ETF. The deadline for submitting comments is 21 days after the proposal is published in the Federal Register.