Updated: August 6, 2024 4:54 PM EDT
Nasdaq and BlackRock, the world’s largest asset manager, plan to list and trade options on their spot Ethereum exchange-traded fund (ETF).
In a filing posted on the Securities and Exchange Commission site on Tuesday, BlackRock and Nasdaq ISE, LLC proposed rule changes to list and trade options on the iShares Ethereum Trust (ticker ETHA).
“The Exchange believes that offering the option to the Trust will benefit investors by providing them with an additional, relatively low-cost investment tool to gain exposure to spot ether and a hedging tool to meet their investment requirements related to ether products and positions.” filing read.
BlackRock’s ETFs Approved It started trading in May along with eight others and began trading last month.
Comments on this proposal will be accepted within 21 days. A final decision on the SEC’s proposal is likely to come in early April 2025, Bloomberg Intelligence analyst James Seifert wrote in a post on X on Tuesday.
update: Seyffart’s post included on August 6 at 8:55 PM UTC
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About the Author
Sarah is a reporter covering policy, regulation, and legal issues for The Block. Previously, Sarah was a securities regulation reporter at CQ Legal, where she first began reporting on cryptocurrencies. Sarah has also written for other financial publications, including The Bond Buyer and American Banker. She graduated from the University of Missouri with a degree in print and digital journalism. Sarah lives in Washington, D.C., and is an avid coffee drinker. You can follow her on Twitter @ForTheWynn.