Investment firm BlackRock and stock exchange Nasdaq jointly proposed a change in rules last August to allow options trading for their Ethereum Exchange-Traded Fund (ETF).
The Securities and Exchange Commission (SEC) has until April 9 to consider and decide on this proposal. The SEC has extended the timeline for their decision, stating the need for a thorough review of the proposal before reaching a final determination.
This decision follows the SEC’s previous authorization of options trading for BlackRock’s Bitcoin ETF in September, which proved to be a success.
By November, the options for the Bitcoin ETF, known as IBIT, had experienced explosive growth, with open interest reaching over $13 billion and accounting for more than half of the options open interest on the Deribit platform.
