The US SEC Delays Decision on Spot Ethereum ETF Options Trading

Ethereum ETF Options Trading Decision Postponed

The US Securities and Exchange Commission (SEC) has once again postponed a decision on options trading for Spot Ethereum exchange-traded funds (ETFs). The agency is seeking additional input from the public and experts to assess the potential impact of the proposal.

Public Input Requested on Spot Ethereum ETF Trading

In September, the SEC delayed the decision after receiving no comments. The NYSE American had filed a proposal to allow options trading on various Ethereum ETFs. In October, the agency approved Spot Bitcoin ETF options trading, raising hopes for Ethereum ETFs.

SEC Encourages Public Comments on Proposed Rule Change

The SEC is now encouraging public feedback within specific timelines to evaluate the proposed rule change. The agency aims to ensure that the rules of national securities exchanges align with legal requirements to prevent fraud, promote fair trade, and protect investors’ interests.

Ethereum Price Surges as ETH ETF Inflows Increase

The price of Ethereum (ETH) has increased by over 30% in the past week, driven by recent election outcomes. At present, ETH is priced at US$3,193 (AU$4,842), marking a 2.5% increase in the last 24 hours.

Inflows into Spot Ethereum ETFs

US Spot Ethereum ETFs have experienced a notable uptick in activity following the US election. In just three trading days post-election, these funds received a total of US$191 million (AU$289.7 million) in net inflows. BlackRock’s ETHA ETF emerged as a top performer, now holding nearly half a million in ETH.