SEC Approves Options Trading on Ethereum ETFs From BlackRock, Grayscale and Bitwise
Summary
The U.S. Securities and Exchange Commission has approved options trading on Ethereum exchange-traded funds (ETFs) for BlackRock's iShares Ethereum Trust, Bitwise Ethereum ETF, and Grayscale's Ethereum Trust and Mini Trust. These ETFs allow investors to gain exposure to Ethereum without directly purchasing the cryptocurrency. Options trading provides the right to buy or sell at a predetermined price, enhancing market liquidity. While Bitcoin ETFs have seen significant inflows, Ethereum ETFs have not matched this demand. Asset managers are seeking approval for ETFs linked to altcoins like Solana, XRP, and Dogecoin. Ethereum's price surged over 14% to $1,675 amid market movements.
