The US Securities and Exchange Commission has again expanded its deadline for deciding whether or not to allow the CBOE exchange to list options tied to the Ether Exchange-Traded Funds (ETF).
The agency has given itself until May to make a final decision to approve or disagree with the ether (Eth) ETF options trade in the US exchange, according to a regulation in February. 28 File.
The CBOE first asked to list ETF options in the ETF in August 2024, but the SEC sought too much time to reach a decision in October.
The exchange is looking to list Fidelity Ethereum Fund (Feth) options. Funds are among the more popular ETFs of ETH, with nearly $ 1.3 billion in net assets, according to Data From Vettafi.
On February 7, the SEC sent a similar response In another US Securities Exchange, NASDAQ ISE. The agency aims to decide by April if the exchange can list options tied to Blackrock’s Ishhares Ethereum Trust (ETHA).
Blackrock fund is the largest ETH ETF, with over $ 3.7 billion in net assets, Vettafi data.
Creating a market choice for ETH ETFS is an important step toward widespread adoption. The ETFs of the Ether spot were listed in July 2024 and continued to attract approximately $ 11 billion in net assets, according to Vettafi’s data.
Options are contracts that give the right to buy or sell – “call” or “put,” in the trader parlance – an underlying owner at a certain price.
Ether ETF and related funds. Source: Magnitude
Related: SEC is looking for more time to mull out Ethereum ETFS options
More crypto derivatives
Investment managers look forward to expanding the US of CryptoCurrency ETF options to accelerate institutional adoption and potential i -unlock “extraordinary upside down” For investors.
Spot Bitcoin Spot Options (Btc) ETFs started trading in November. On the first day of the list, the options for the contracts with the Ishares Bitcoin Trust ETF (IBIT) of Blackrock saw nearly $ 2 billion in total exposure.
United States President Donald Trump-who promised to turn the US to the “world crypto capital”-the crypto-friendly leaders have tapped to lead the financial regulators. This has increased hopes throughout the industry for rapid approval for the suggested crypto financial products.
In Feb. 19, Coinbase launched Solana (Sol) futures, another type of contract of derivatives that represents an agreement to buy or sell an asset on a future date.
In Feb. 28, the Chicago Mercantile Exchange (CME) Group, a derivatives exchange, said it Launch Sol Futures contracts on March 17pending regulation approved.
Magazine: Bitcoin ETF has made Coinbase a ‘honeypot’ for hackers and government – Trezor CEO
