According to a report by “The Block,” exchange Nasdaq and the world’s largest asset manager BlackRock plan to offer options trading for their Ethereum spot exchange-traded fund (ETF).
In a filing released on Tuesday (6th) to the U.S. Securities and Exchange Commission (SEC) website, BlackRock and Nasdaq proposed a rule change to list options and facilitate trading for the iShares Ethereum Trust ETF (ticker: ETHA). The document stated:
BlackRock’s Ethereum spot ETF, along with 8 other ETFs, was approved in May and commenced trading on July 23rd.
The proposal is subject to a 21-day comment period. Analyst James Seyffart from Bloomberg Intelligence commented that the SEC’s final decision on the proposal could be expected in early April 2025.
Nate Geraci, President of investment advisory firm The ETF Store, earlier today noted that Bitcoin and Ethereum spot ETFs still face significant regulatory hurdles, lacking mechanisms for in-kind creation/redemption and options trading. Additionally, Ethereum ETFs cannot participate in staking. Nevertheless, these products are challenging and reshaping the ETF industry’s norms, highlighting investor demand.
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