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

Dogecoin Achieves 214% Gain in August

chest

Dogecoin recorded its strongest monthly performance of the year with a 214% gain in August, regaining market attention.

user avatarBayarjavkhlan Ganbaatar

BNB Chain Reports Growth in New dApps for August

chest

BNB Chain's August update highlights significant growth in decentralized applications, indicating a healthy ecosystem beyond just BNB price movements.

user avatarMohamed Farouk

Challenges Ahead for Solana Mobile's SKR Token

chest

Challenges Ahead for Solana Mobile's SKR Token

user avatarElias Mukuru

SKR Token Emerges as Top Performer in Crypto Market

chest

Solana Mobiles SKR token has gained significant attention, becoming one of the strongest weekly performers among the top 200 crypto assets.

user avatarDiego Alvarez

Kalshi Issues Lifetime Ban to George Santos for Manipulating Prediction Market

chest

Kalshi has permanently banned former Rep George Santos for manipulating a market tied to his attendance at the State of the Union address, profiting nearly $18,000.

user avatarKenji Takahashi

Sberbank Prepares for Crypto Trading Boom with New Digital Asset Rules

chest

Sberbank anticipates a surge in cryptocurrency trading in Russia following the implementation of new digital asset regulations, planning to accept Ethereum and Tether as collateral for loans.

user avatarMaria Fernandez

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.