13 Feb 2025
📈SEC Notice on Proposed Ethereum Options Trading Rule Change
Self-Regulatory Organizations; NYSE American LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Exchange Rule 915 To Permit the Listing and Trading of Options on the Bitwise Ethereum ETF, the Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust
Summary
The SEC has issued a notice regarding a proposed rule change by NYSE American LLC to permit the listing and trading of options on the Bitwise Ethereum ETF and Grayscale Ethereum Trust products. Following public comments and an amendment to narrow the scope, the Commission is set to decide on its approval or disapproval.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content pertains to a proposed rule change allowing the listing and trading of options on certain Ethereum-based financial products. This could significantly impact businesses engaged in cryptocurrency and investment sectors due to potential market expansion and related financial activities.