The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Nasdaq’s proposed rule change to list and trade options on BlackRock’s iShares Ethereum Trust (ETHA).
Originally expected by September 26, the SEC’s decision has now been pushed back to November 10. In a Thursday press release, the agency said the delay allows it to assess the potential implications of such a move on market stability.
He added that the approval was seen as a deviation from the SEC’s usual stance, indicating a potential shift influenced by political pressures.
Approving options for a spot Ethereum exchange-traded fund (ETF) could further bridge the gap between digital assets and conventional finance.
Spot Ether ETF Options to Bring Additional Liquidity to Market
This would provide investors with new avenues to hedge against or speculate on Ethereum’s price fluctuations, enhancing the range of investment tools available for both retail and institutional investors.
If granted approval, the options would adhere to the same regulatory standards as other ETF-linked derivatives.