U.S. regulators are considering a request to list the first option involving an Ethereum (ETH) spot exchange-traded fund (ETF) on the NYSE American stock exchange, according to a filing on November 8.
If approved, the NYSE will be authorized to list options for the Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), Grayscale Ethereum Mini Trust (ETH) and “any trust holding Ethereum.” You will be granted.
The SEC’s decision is the latest sign that it may be softening its stance on cryptocurrency products, especially following the cryptocurrency-friendly Donald Trump’s November 5 presidential election victory.
Source: Samsung Electronics
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In September and October, the SEC approved options trading applications for 11 Bitcoin (BTC) ETFs, including Bitwise and Grayscale, from three exchanges: NYSE American, Nasdaq, and Cboe Exchange.
The same three exchanges requested permission from the SEC to list ETH ETF options last August.
Jeff Park, head of alpha strategy at Bitwise Invest, said in a September 20 He said he would create it.
To begin trading, exchanges still need approval from two other regulators: the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC).
On Oct. 11, the SEC postponed a decision on a proposed rule change that would have allowed the Cboe Exchange to list options associated with several popular spot ETH funds, the filing said.
The agency’s ruling deadline was pushed back from Oct. 19 to Dec. 3, according to the filing.
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Trump’s presidential election victory is also a green light for more than a half-dozen proposed cryptocurrency ETFs awaiting regulatory approval in the United States.
In 2024, the asset manager filed numerous regulatory filings to list an ETF holding altcoins, including Solana. brushXRP XRPAnd Litecoin LTCespecially.
Issuers are also awaiting approval for several cryptocurrency index ETFs designed to hold a diverse basket of tokens.
On November 4, the SEC began reviewing Grayscale’s request to list the first ETF holding a diverse basket of cryptocurrencies, including several altcoins.
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