According to a report by The Block, the exchange Nasdaq and the world’s largest asset management company BlackRock plan to list and trade options for their Ether spot trading exchange-traded fund (ETF).
In a filing released on Tuesday (6th) on the website of the U.S. Securities and Exchange Commission (SEC), BlackRock and Nasdaq proposed a rule change to list options for the iShares Ethereum Trust Fund (stock code: ETHA) and allow trading. The filing stated:
BlackRock’s Ether spot ETF and 8 other ETFs were approved in May and began trading on July 23rd.
The comment period for this proposal is 21 days. Bloomberg Intelligence analyst James Seyffart wrote that the SEC’s final decision on the proposal may be made in early April 2025.
Nate Geraci, President of the investment advisory firm The ETF Store, wrote earlier today that Bitcoin and Ether spot ETFs still face significant regulatory barriers, including the lack of an in-kind creation/redemption mechanism, no options trading, and Ether ETFs cannot participate in staking. However, these products are still challenging and breaking records in the ETF industry, which should demonstrate investors’ demand.