The US Securities and Exchange Commission (SEC) has postponed its decision to approve or reject Fidelity Investments' listing of options on its spot Ethereum ETF product. According to the documents from the market regulatory agency, although the designated timetable has been followed to review the proposal, additional time is still needed to determine the next steps.
Spot Ethereum ETF and option push
As stated by the market regulatory agency in its document, it has now set May 2, 2025 as the tentative timeline for its decision to list options on spot Ethereum ETFs. It has solicited public opinions on the proposed document and received feedback on January 21, 2025.
Fidelity's promotion of options for its spot Ethereum ETF products through the CBOE exchange can be traced back to August 2024. It specifically requires listing options on the Fidelity Ethereum Fund (FETH). Initially, the SEC sought more time to make a decision on October 19, 2024.
According to reports, the CBOE exchange has submitted proposed rule changes to further diversify the company's interests in the ETF market.
The US Securities and Exchange Commission will make a ruling on the BlackRock options proposal in April
Overall, people are becoming increasingly interested in the options of ETH ETF products. In early February, the CBOE BZX exchange submitted a proposed rule change to list and trade options on the Bitwise Ethereum Fund.
BlacRock is also working on listing options related to its iShares Ethereum Trust (ETHA), but these proposals have not been approved by market regulators.
Unfortunately, this asset management company received a similar response through NASDAQ, namely Fidelity. The US Securities and Exchange Commission has requested that it announce its decision on the ETHA listing option before April. As market experts have pointed out, obtaining approval from the committee to list this issuance may greatly help promote the widespread adoption of basic cryptocurrencies.
ETH ETF and Staking Push
It is worth noting that FETH is one of the most popular Ethereum ETFs. According to VettaFi's data, it holds up to $1.3 billion in net assets. The other leading Ethereum ETF is BlackRock's iShares Ethereum Trust, which holds up to $3.7 billion in net assets.
Meanwhile, the US Securities and Exchange Commission is likely to allow staking of Ethereum ETFs in the near future. A few days ago, the institution acknowledged that the 19b-4 filing submitted by Cboe Exchange is seeking approval for the staking function in the 21Shares Core Ethereum ETF (CETH).
With the improvement of SEC regulations in the United States, the likelihood of this product being approved is considered very high.
原创文章，作者：btc，如若转载，请注明出处：https://www.xf1233.com/a/59
