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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Cardano's Stablecoin Market Surpasses 702 Million

As of October 18, Cardano's stablecoin market has reached a notable milestone, with the total supply of dollar-pegged tokens hitting approximately 702 million.

user avatarFilippo Romano

Aptos Reports Token Burn and Staking Emissions

Aptos has burned approximately 174,570 APT in the last 30 days while issuing around 15 million APT through staking.

user avatarEmily Carter

Cross River Bank Integrates Ripple's RLUSD Stablecoin for Enhanced Payment Solutions

Cross River Bank integrates Ripple's RLUSD stablecoin to enhance payment solutions for fintech customers.

user avatarTomas Novak

Stocklinked Tokens in DeFi Surge to $2.624 Billion

Stocklinked tokens in decentralized finance reached approximately $2.624 billion by the end of September 2026, marking an 18-fold increase from the beginning of the year.

user avatarKaterina Papadopoulou

Fidelity's Assessment Highlights Solana's Improved Reliability

Fidelity's assessment indicates Solana has operated for over two years without major outages, achieving a 99.7% vote success rate, but warns of concerns regarding validator concentration.

user avatarMaya Lundqvist

BitTorrent Unveils New Whitepaper and Brand Upgrade for Web3 and AI

In October 2023, BitTorrent unveiled a comprehensive brand upgrade and a new whitepaper outlining a tripartite architecture for decentralized content distribution and compute, aiming to enhance operational efficiency for Web3 and AI applications.

user avatarLeo van der Veen

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.