17 Apr 2025
📈Proposed Rule Change for Fidelity Ethereum Fund Options Trading
Self-Regulatory Organizations; MIAX Sapphire, 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 announces a proposed rule change by MIAX Sapphire to allow listing and trading options on the Fidelity Ethereum Fund. This amendment aims to expand investment strategies related to Ethereum, enhancing market participation and providing more accessible trading opportunities for investors in a regulated environment.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory text outlines a proposed rule change by MIAX Sapphire to permit options trading on the Fidelity Ethereum Fund, a security-linked ETF. This opens new trading avenues for businesses, allowing them to engage in Ethereum-related investments and risk management strategies, enhancing market liquidity.