26 Feb 2025
📈Proposed Rule Change for Options on Ethereum ETFs
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Options on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF
Summary
The Cboe BZX Exchange proposes a rule change to allow options trading on the Grayscale Ethereum Trust ETF and other Ethereum-based funds. This move is expected to enhance market accessibility and provide investors with new avenues for managing Ethereum-related investments, reflecting the growing significance of cryptocurrency in financial markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows for trading options on Ethereum-based ETFs, which offers financial instruments for investors to hedge and manage exposure to Ethereum market movements. This regulatory change is significant for market participants and investment strategies.