17 Jun 2025
📈MEMX Proposal for Trading Options on Ethereum Funds
Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Allow the Exchange To List and Trade Options on the Fidelity Ethereum Fund, the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF
Summary
The SEC has approved MEMX LLC's proposal to allow the listing and trading of options on the Fidelity Ethereum Fund, Grayscale Ethereum Trust ETFs, and Bitwise Ethereum ETF. This change aims to enhance market efficiency and offer investors cost-effective options to gain exposure to Ethereum, facilitating broader investment strategies.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule allows MEMX LLC to list and trade options on various Ethereum-backed ETFs, expanding the financial products available for investors. This change can lead to innovative investment strategies and greater market liquidity, benefiting business owners and executives in the investment sector.