According to a report from The Block, the exchange Nasdaq and the world’s largest asset management company BlackRock plan to list and trade options for its Ethereum spot exchange-traded fund (ETF).
In a document released on Tuesday (the 6th) on the U.S. Securities and Exchange Commission (SEC) website, BlackRock and Nasdaq proposed a rule change to list options for the iShares Ethereum Trust (ticker: ETHA) and conduct trading. The document stated: BlackRock’s Ethereum spot ETF was approved along with eight other ETFs in May and began trading on July 23.
The comment period for the proposal is 21 days. Bloomberg Intelligence analyst James Seyffart commented that the SEC’s final decision on the proposal may be made in early April 2025.
Nate Geraci, president of investment advisory firm The ETF Store, stated earlier today that Bitcoin and Ethereum spot ETFs still face significant regulatory hurdles, lacking an in-kind creation/redemption mechanism, no options trading, and Ethereum ETFs being unable to participate in staking. Nevertheless, these products continue to challenge and break records in the ETF industry, which should indicate investor demand.
