6 Mar 2025
📈Cboe Proposal for Ethereum Options Trading Under SEC Review
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Options on the Fidelity Ethereum Fund
Summary
The SEC has designated a longer review period for Cboe’s proposal to list options on the Fidelity Ethereum Fund, which could affect the trading landscape for cryptocurrency-based products. The proposal includes trading limits and details on surveillance measures. Continued discussions and amendments are part of the regulatory process.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content discusses a proposed rule change to list and trade options on Ethereum-based funds, indicating potential new financial products. Approval or disapproval of the rule could significantly impact related businesses in the cryptocurrency and ETF sectors.