Nasdaq and BlackRock have filed a proposal with the SEC to introduce options trading for BlackRock's Ethereum ETF, the iShares Ethereum Trust (ETHA).
Filed on August 6, this plan aims to diversify Ethereum investment opportunities within traditional finance.
The iShares Ethereum Trust will exclusively hold Ethereum through Coinbase, with cash managed by the Bank of New York Mellon. It will not engage in staking, keeping the investment straightforward.
Options trading allows investors to trade assets at set prices within a certain period, offering flexibility for hedging or speculation. This proposal marks a significant shift, expanding the investment tools available for cryptocurrencies.
Bloomberg Intelligence’s James Seyffart anticipates the SEC will make a decision by April 9, 2025, with additional approvals required from the OCC and CFTC.
BlackRock is a major player in crypto ETFs, with its Bitcoin and Ethereum funds leading the market. The addition of options trading could boost investor interest and market liquidity, further integrating digital assets into mainstream finance.
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