SEC Holds Off on Ethereum ETF Options Decision
The SEC has decided to approve options trading for Ethereum Exchange Funds (ETFs).
Regulators have extended their review period by 60 days, setting April 9 as a new deadline.
SEC delays third Ethereum ETF option approval
On February 7, the U.S. Securities and Exchange Commission announced another delay in determining whether Ethereum ETFs can be traded.
This marks the third extension after the September and November 2024 extension. The agency cites it as it takes more time to assess the potential impact on the market and gather public comments, and opens a 21-day window of comments.
“The Commission is extending the period of time to approve or deny a proposed rule change for an additional 60 days. The Commission considers that an order to approve or deny a proposed rule change is issued within that period so that sufficient time is available to consider the proposed rule Changes to the rules and the questions raised therein,” SEC statement.
Delays will affect application Several major companies, includingGrayscale, Ethereum Mini Trust and BlackRock. The Securities and Exchange Commission (SEC) stressed that the extension allows for a more comprehensive review before a final decision was made.
The decision follows early requirements of regulators for public opinion Proposals from CBOE BZX Exchange Inc.this is submitted on behalf of loyalty. The proposal seeks approval to list trade options related to Fidelity’s on-site Ethereum ETF.
Option contracts provide traders with rights (but not obligations) to purchase or sell assets at specific prices within a set time frame. These financial instruments play a crucial role in risk management and price speculation.
Analysts believe that the introduction of Ethereum ETF options can accelerate institutional adoption and improve market efficiency. It is worth noting that a similar regulatory framework has been applied Bitcoin ETF and other golds supported by commodity.
Meanwhile, Bloomberg ETF analyst Eric Balchunas suggested that while approval seems likely, the delay could be with Continuous leadership changes at SEC.
“The SEC pierces on the on-site ETHET ETF option. I won’t read too much to imagine that they won’t be approved in the end and will likely wait until Atkins gets confirmed before moving on,” statement.
Former Commissioner Paul Atkins, Nominated by Donald Trump Gary Genserwaiting for Senate confirmation. His appointment is widely regarded as a potential shift to a more crypto-friendly regulatory approach.
Despite the uncertainty, Live Ethereum ETF continues to grow. Data from SOSO values show that these funds have experienced net inflows for five consecutive days, with total investments exceeding $3 billion since their introduction.
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