17 Apr 2025
💰Nasdaq PHLX Proposes Options Trading on Ethereum Trusts
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Rules To Allow the Exchange To List Options on the iShares Ethereum Trust, the Fidelity Ethereum Fund, the Bitwise Ethereum ETF, the Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust
Summary
The Securities and Exchange Commission has published a notice regarding Nasdaq PHLX's proposal to amend trading rules to permit options on several Ethereum Trusts. This change establishes specific position and exercise limits, creating new opportunities in the rapidly evolving cryptocurrency market. Comments on the proposal are invited from interested stakeholders.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulation allows Nasdaq PHLX LLC to list options on various Ethereum Trusts, establishing position and exercise limits of 25,000 contracts. This affects trading strategies and investment opportunities for business owners and executives, particularly in the cryptocurrency space.