Sign Up on MEXC
Highlights
- Decision on Fidelity Investment's demand to list Options on Ethereum ETF has been delayed
- The US SEC is yet to greenlight any Options product for a crypto ETF
- Expectations remain high that the pro-crypto US SEC will make a difference with this product
The US Securities and Exchange Commission (SEC) has delayed its decision to either approve or deny the request from Fidelity Investments to list Options on its spot Ethereum ETF product. According to the filing from the markets regulator, despite following the schedule designated to review the proposal, it still requires additional time to decide the next move.
Spot Ethereum ETF and Options Push
As the market regulator noted in its filing, it will now look to May 2, 2025 as the tentative timeline to release its decision for the Options listing on spot Ethereum ETF. Already, it has asked the public for comments on the proposed filing and received the feedback as of January 21, 2025.
Fidelity’s push for an Options on its spot Ethereum ETF product through CBOE Exchange dates as far back as August 2024. It specifically requests to list options on the Fidelity Ethereum Fund (FETH). Initially, the SEC sought more time to decide on October 19, 2024.
As reported, CBOE Exchange filed the proposed rule change to further diversify the firm’s interest in the ETF market.
US SEC To Rule on BlackRock Options Proposal In April
There is growing interest in options on ETH ETF products in general. Earlier in February, the CBOE BZX Exchange filed a proposed rule change to list and trade options on Bitwise Ethereum Fund.
BlacRock is also moving to list options tied to its iShares Ethereum Trust (ETHA) but none of these proposals has gained a greenlight from the markets regulator.
Unfortunately, the asset manager received a similar response through Nasdaq, as Fidelity. The SEC has asked that it publish its decision on listing options for ETHA by April. Getting the Commission’s approval to list this offering might go a long way in facilitating widespread adoption for the underlying cryptocurrency as market experts noted.
ETH ETF and Staking Push
It is worth noting that FETH is among the top popular Ethereum ETFs. According to VettaFi data, it holds as much as $1.3 billion in net assets. Other leading Ethereum ETFs are BlackRock’s iShares Ethereum Trust which holds as much as $3.7 billion in net assets.
Meanwhile, it is likely that the SEC will allow staking for Ethereum ETFs in the near future. A few days ago, the agency acknowledged the 19b-4 filing by the Cboe exchange that is seeking the approval of staking features in the 21Shares Core Ethereum ETF (CETH).
With regulations getting improvement with the US SEC, chances this products will gain approval are considered very high.
- SOL Strategies Begins Trading on Nasdaq With $94M in Solana Holdings
- Bitcoin, Crypto Market Rise as Court Halts Trump’s Bid to Oust Fed Gov Lisa Cook
- Grayscale Files Registration Statements for Litecoin, Hedera, and Bitcoin Cash ETFs
- SEC Delays Decision on Bitwise Dogecoin ETF Ahead First DOGE ETF Launch
- Metaplanet Upsizes Capital Raise To $1.4 Billion To Buy More Bitcoin
- Meme Coin Price Prediction: Shiba Inu, Pepe Coin, Dogecoin, TRUMP
- HYPE Price Eye $88 the Next as Lion Group’s Treasury Shifts to Hyperliquid
- Ripple Ecosystem Growth Meets Technical Strength—Is XRP Price on the Verge of $10?
- Cardano Price Prediction as Sept Fed 50bps Cut Odds Surge – Is $1.65 Next?
- Chainlink Price Prediction: Analyst Sees 48% Rally as Grayscale ETF Filing Ignites Hype
