17 Apr 2025
📈Cboe EDGX Proposes Options Trading on Fidelity Ethereum Fund
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 19.3
Summary
The Cboe EDGX Exchange has filed a proposed rule change to enable the listing and trading of options on the Fidelity Ethereum Fund. This fund is an Ethereum-backed commodity ETF, providing investors an opportunity to gain exposure to Ethereum without managing the complexities involved in its direct ownership. The proposal reflects the Exchange's commitment to enhancing market liquidity and investor access to cryptocurrency investments.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows the trading of options on the Fidelity Ethereum Fund, which could attract more investment and trading activity in the Ethereum market, impacting business strategies for firms handling cryptocurrency-related assets and financial instruments.