17 Apr 2025
💰SEC Approves Options Trading for Fidelity Ethereum Fund
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on the Fidelity Ethereum Fund
Summary
The Securities and Exchange Commission published a notice detailing MIAX Pearl's proposed rule change to list options on the Fidelity Ethereum Fund. This change is aimed at enabling investors to trade options on Ethereum-backed commodities, enhancing access and efficiency in the marketplace, and providing a regulated environment for trading.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allows the listing and trading of options on the Fidelity Ethereum Fund, thus introducing new investment opportunities for businesses looking to hedge against Ethereum price fluctuations. An increase in trading options can enhance liquidity and market transparency for businesses involved in cryptocurrency investments.