18 Mar 2025
📈SEC Notice on Fidelity Ethereum Fund Options Listing
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List Options on the Fidelity Ethereum Fund
Summary
The SEC issued a notice regarding the Cboe EDGX Exchange's proposed rule change to list options on the Fidelity Ethereum Fund. The notice indicates an extension of the Commission's review period to allow adequate consideration of this significant financial instrument, with the new decision deadline set for May 14, 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to list options on the Fidelity Ethereum Fund indicates potential new investment opportunities and regulatory changes for businesses involved in cryptocurrency and financial services. The Commission's decision to extend the review period reflects the complexity and significance of such financial instruments.