15 Apr 2025
📈SEC Approval for Options on iShares Ethereum Trust
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Permit the Listing and Trading of Options on the iShares Ethereum Trust
Summary
The SEC approved an amendment allowing Nasdaq ISE to list options on the iShares Ethereum Trust, establishing specific position and exercise limits to enhance investor protection and mitigate market manipulation risks. The Exchange outlined extensive surveillance measures and emphasized the Trust's trading activity and market capitalization to support the proposed rule change.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text details regulatory approval for listing options on the iShares Ethereum Trust, impacting compliance and financial practices for businesses involved in trading or investing in cryptocurrencies. It establishes position limits to mitigate market risks, which executives must navigate.