17 Apr 2025
💹MIAX Pearl Proposes Amendment for Ethereum Options Trading
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 iShares Ethereum Trust
Summary
MIAX Pearl proposes to amend Exchange Rule 402 to facilitate the listing and trading of options on the iShares Ethereum Trust. This rule change aims to enhance investment tools and provide a cost-effective means for traders to hedge exposure to Ethereum, aligning with similar proposals in the industry.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change to amend Exchange Rule 402 allows options on the iShares Ethereum Trust to be listed and traded, expanding investment opportunities and risk management strategies for businesses and investors in crypto-assets. This directly impacts companies involved in financial services, investment, and trading.