17 Apr 2025
📈SEC Approves Options Trading for Ethereum-Based Funds
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 Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust, and the Bitwise Ethereum ETF
Summary
The SEC has approved a proposed rule change that enables MIAX Pearl to list and trade options on the Grayscale Ethereum Trust and related funds. This move is poised to enhance market trading in cryptocurrency assets, providing investors with diversified investment strategies and access to the rapidly evolving ether market.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows MIAX Pearl to list and trade options on the Grayscale Ethereum Trust and related funds, significantly impacting how businesses engage with cryptocurrency assets. This opens new investment opportunities, potentially enhancing portfolio diversification for business owners and investors.