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 their Ethereum spot exchange-traded fund (ETF).
In a document filed on Tuesday (6th) on the website of the U.S. Securities and Exchange Commission (SEC), BlackRock and Nasdaq proposed a rule change to list and trade options for the iShares Ethereum Trust Fund (ticker: ETHA). The document stated:
BlackRock’s Ethereum spot ETF, along with 8 other ETFs, was approved in May and started trading on July 23rd.
The comment period for this proposal is 21 days. James Seyffart, an analyst at Bloomberg Intelligence, wrote 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, recently stated that Bitcoin and Ethereum spot ETFs still face significant regulatory obstacles, such as the lack of an in-kind creation/redemption mechanism and options trading, as well as Ethereum ETFs not being able to participate in staking. However, despite these limitations, these products are still challenging and breaking records in the ETF industry, which should indicate the demand from investors.
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