SEC Greenlights Options Trading on Ethereum-Based ETFs from Leading Financial Institutions

Wednesday 9th of April 2025 22:20:27

SEC Approves Options Trading on Ethereum ETFs from BlackRock, Grayscale, and Bitwise

In a major development for the cryptocurrency market, the US Securities and Exchange Commission (SEC) has approved options trading on three Ethereum ETFs from leading financial institutions BlackRock, Grayscale, and Bitwise.

The approved ETFs are the BlackRock Bitcoin Strategy ETF, the Grayscale Ethereum Trust, and the Bitwise 10 Private Index Fund. The SEC's decision marks a significant milestone in the growth of the cryptocurrency market, as it paves the way for institutional investors to participate in the options market.

Options trading allows investors to buy and sell contracts that give them the right to buy or sell an underlying asset, such as Ethereum, at a specified price. This can provide investors with a range of strategies to manage risk and potentially generate returns.

The approved ETFs will be listed on the Cboe BZX Exchange and will be traded under the symbols EEVT, EETH, and BITW, respectively. The ETFs track the performance of the Ethereum cryptocurrency, which has seen significant growth in recent years.

"This is a major win for the cryptocurrency market," said a spokesperson for BlackRock. "Our ETF provides institutional investors with a way to gain exposure to Ethereum, one of the most popular cryptocurrencies in the world."

The approval of options trading on these ETFs is expected to attract more institutional investors to the cryptocurrency market, which could lead to increased liquidity and trading volumes. The move is also seen as a positive development for the growth of the Ethereum blockchain, which has seen significant adoption in recent years.

The SEC's approval comes after a lengthy review process, during which the agency considered a range of factors, including the potential risks and benefits of allowing options trading on these ETFs. The decision is seen as a significant step forward for the cryptocurrency market, which has been growing rapidly in recent years.