Originally published on: November 08, 2024
The Securities and Exchange Commission (SEC) in the United States is currently considering a proposal to introduce options tied to spot Ether (ETH) exchange-traded funds on the NYSE American securities exchange. If approved, this would allow options trading for the Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), Grayscale Ethereum Mini Trust (ETH), and other Ether-holding trusts.
This move by the SEC signals a potential shift towards a more crypto-friendly stance, especially following the recent presidential election results. The regulatory body has already approved options trading for multiple Bitcoin ETFs, and now the focus is on introducing similar options for Ethereum.
The introduction of spot BTC and now potentially ETH options on regulated US exchanges is seen as a significant step forward for the cryptocurrency market. It offers investors exciting opportunities and could lead to substantial growth in the industry.
While the SEC’s decision on the ETH ETF options is pending, other regulatory bodies like the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC) will also need to provide their approval for trading to commence.
In addition to the potential approval of Ethereum ETF options, the recent presidential election outcome has also paved the way for more crypto ETFs to enter the US market. Asset managers have been preparing various ETFs holding different altcoins for listing, along with plans for crypto index ETFs containing diverse token baskets.
As we await further developments in the market, the cryptocurrency industry continues to evolve, offering new and exciting investment opportunities for traders and investors alike. Stay tuned for more updates on the latest trends and regulatory changes in the world of blockchain and crypto by subscribing to our Crypto Biz newsletter.
