cryptojournalist
The SEC is considering a new proposal to list options for spot Ethereum ETFs on the NYSE American exchange, per a November 8 filing. Approval would allow NYSE to offer options on several Ethereum ETFs, including Bitwise’s and Grayscale’s funds.
SEC Signals Softer Stance on Crypto?
This latest review could indicate a change in the SEC’s view on crypto products, particularly in light of Donald Trump’s recent pro-crypto election win.
Bitcoin ETF Options Lead the Way
In recent months, the SEC gave the green light for options trading on multiple Bitcoin ETFs via exchanges like NYSE American, Nasdaq, and Cboe. Now, these same exchanges are pushing for similar options tied to Ethereum ETFs.
Additional Approvals Needed
The proposal, if approved, would still need further authorization from the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC) before trading begins.
Cboe’s Ethereum Options Decision Delayed
The SEC recently postponed a decision on Cboe Exchange’s plan to list options for spot Ethereum ETFs, extending the timeline to December 3.
Crypto ETF Prospects in 2024
With Trump’s election, optimism around pending crypto ETF proposals has grown. In 2024, filings included ETFs for a broader range of altcoins, like Solana and XRP, as well as multi-token index ETFs. On November 4, the SEC began evaluating Grayscale’s request for a multi-altcoin ETF.
