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

Developer Releases 56 Billion TikTok Video Metadata on Hugging Face

A developer known as hashfunction has released a dataset containing metadata for about 56 billion public TikTok videos on Hugging Face.

user avatarMaya Lundqvist

Ongoing Legal Battles Over TikTok Data Scraping Practices

The legality of data scraping from TikTok is currently being challenged in court, with Reddit suing Perplexity and three data-scraping firms for allegedly harvesting content for AI training.

user avatarKaterina Papadopoulou

Fairshake Launches Bipartisan Campaign to Support Pro-Crypto Lawmakers

Fairshake is launching a bipartisan campaign to support 32 incumbent candidates in the House, focusing on those who back the House CLARITY market structure bill, with an initial commitment of $6 million in independent spending.

user avatarLeo van der Veen

Binance Introduces AI-Driven Trading Tools

Binance launches a suite of AI products aimed at enhancing trading experiences for various user levels.

user avatarLi Weicheng

Binance Announces Dividend Reinvestment for Tokenized Stocks

Binance has announced a dividend reinvestment process for holders of its Oracle and Marvell tokenized stocks, where dividends will be reinvested into additional fractions of the same securities.

user avatarAisha Farooq

Cryptocom Enhances Trading with Insilico Terminal Integration

Cryptocom has announced an integration with Insilico Terminal on October 6, allowing users to connect their Cryptocom Exchange accounts directly to Insilico's trading platform.

user avatarLi Weicheng

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.