BlackRock, Nasdaq Pursue Rule Change for Listing Options on Spot Ethereum ETFs – Reuters

BlackRock and Nasdaq have proposed a rule change to enable the listing and trading of options for BlackRock’s spot Ethereum exchange-traded fund, as outlined in a regulatory filing made on Tuesday.

In July, the U.S. Securities and Exchange Commission (SEC) approved exchange-traded funds linked to the price of ether from several prominent firms, including Franklin Templeton, VanEck, Bitwise, and 21Shares.

Options provide holders the right to buy or sell an asset, such as a stock or exchange-traded product, at a predetermined price before a specific date.

The filing indicated, “The exchange believes that offering options on the Trust will benefit investors by providing them with an additional, relatively lower-cost investing tool to gain exposure to spot ether.”

The SEC is responsible for overseeing the technical rule changes that exchanges must implement to list options.

Comments regarding the rule change proposal will be accepted for 21 days.