15 Apr 2025
📈Cboe’s Approval for Fidelity Ethereum Fund Options Trading
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Permit the Listing and Trading of Options on Shares of the Fidelity Ethereum Fund
Summary
The SEC has approved Cboe Exchange’s proposed rule change to list and trade options on the Fidelity Ethereum Fund, enhancing market access for investors seeking exposure to Ethereum. This change supports trading efficiency, transparency, and investor protection, facilitating opportunities in the emerging digital asset marketplace.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows the listing and trading of options on the Fidelity Ethereum Fund, which provides businesses and investors an opportunity to hedge against Ethereum price volatility while potentially attracting more liquidity to the market. This regulatory approval creates a new financial product for businesses involved in crypto investments.