- BlackRock and Nasdaq sought a rule modification to list and trade options on the iShares Ethereum Trust in a document that was uploaded to the SEC website.
- The proposal is open for comments for 21 days.
The largest asset manager in the world, BlackRock, and exchange Nasdaq intend to list and trade options for its spot Ethereum exchange-traded fund.
A rule change to list and trade options on the iShares Ethereum Trust (ticker ETHA) was proposed by BlackRock and Nasdaq ISE, LLC in a file that was submitted on the website of the U.S. Securities and Exchange Commission on Tuesday.
According to the filing, the Exchange thinks that providing options on the Trust will help investors by giving them another, comparatively less expensive investing tool to get exposure to spot ether as well as a hedging vehicle to satisfy their investment needs in relation to ether products and positions.
Along with eight other ETFs, BlackRock’s was approved in May and went live last month.
The proposal is open for comments for 21 days. Early April 2025 is when the SEC is expected to make a final decision on the proposal, according to a post made on X on Tuesday by Bloomberg Intelligence analyst James Seyffart.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
