The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Nasdaq’s proposed rule change for listing options on BlackRock and Bitwise’s spot Ethereum (ETH) ETFs. Initially set for Thursday, the ruling is now pushed to November 10 based on the SEC’s announcement. Additionally, the SEC delayed considering NYSE American’s proposal for Bitwise’s spot Ethereum ETFs options until November 11.
Crypto ETF Options
The Nasdaq International Securities Exchange submitted the IBIT options listing on August 6, aiming to enhance accessibility for retail and institutional investors in traditional markets. According to Nasdaq’s proposal, the shares intend to simplify investment in ether while maintaining value tied to ether’s market performance. This postponement follows last week’s SEC approval for options on BlackRock’s iShares Bitcoin Trust, which was noted as a significant achievement for bitcoin ETFs.
As of Wednesday, BlackRock’s ETHA reported net assets of around $977 million, with a total inflow of $1.10 billion, the highest among nine ether ETFs. However, these ETFs have also experienced over $624 million in outflows since their launch on July 23.
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