SEC Delays BlackRock Ethereum ETF Options Decision

user avatar

by Giorgi Kostiuk

2 years ago

The SEC has postponed its decision on approving options for BlackRock's iShares Ethereum Trust ETF, citing the need for a more extended review period.

BlackRock and Nasdaq Proposal

In August last year, BlackRock and Nasdaq proposed a rule change that would allow trading options for the spot Ethereum ETF. The SEC must now decide whether these options can be approved by April 9.

Success of IBIT Options

Last September, the SEC approved options trading for BlackRock's spot Bitcoin ETF. These options were made available for trading in November and have been a significant success, rapidly increasing their market share. According to Volmex data, the open interest for IBIT options exceeded $13 billion, accounting for over 55% of Deribit's open interest. IBIT has become one of the most active ETF options markets, competing with products like the iShares 20+ Year Treasury Bond ETF.

BlackRock's product has experienced 'massive adoption' within just months of its launch.

Impressive Growth of ETHA

After a modest start, BlackRock's ETHA recorded an inflow of $10.6 million. Yesterday, it was the only spot Ethereum ETF product in the green. ETHA now has a total of $3.7 billion in assets, substantially outperforming several competing products.

The final SEC decision on BlackRock's Ethereum ETF options is expected in April. BlackRock's products continue to show significant market success, attracting both private and institutional investors.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Cronos Reverses Transactions to Mitigate Exploit Damage

chest

Cronos blockchain network rolled back nearly two hours of transaction history to recover funds after a significant exploit of the Tectonic lending protocol.

user avatarBayarjavkhlan Ganbaatar

MEXC Introduces Opportunity Compass for Enhanced Market Understanding

chest

MEXC has launched Opportunity Compass, an educational initiative aimed at helping users understand both crypto and traditional financial markets.

user avatarMohamed Farouk

MEXC Introduces Opportunity Compass for Crypto Education

chest

MEXC has launched Opportunity Compass, an initiative aimed at educating cryptonative users about global markets and financial opportunities.

user avatarElias Mukuru

Zoomex Highlights Market Volatility Amid Economic Shifts

chest

Zoomex highlights its platform's capabilities during a week of sharp market volatility driven by economic data, enabling traders to respond in real-time.

user avatarDiego Alvarez

Tesla Faces Regulatory Scrutiny, Stock Drops

chest

Tesla's shares fell 6% following a new investigation into its autonomous vehicle technology by the National Highway Traffic Safety Administration, highlighting the impact of regulatory scrutiny on the stock market.

user avatarMaria Fernandez

Unexpected Developments in the US Labor Market with Employment Expansion.

chest

The US economy added 162,000 jobs in August, significantly exceeding forecasts, leading to a rapid repricing of Federal Reserve expectations regarding interest rates.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.