BCGAME - Free 5BTC Daily Bonus!In yet another delaying move, the U.S. Securities and Exchange Commission (SEC) has announced that it is extending the deadline for its decision on approving spot Ethereum exchange-traded fund (ETF) options. The SEC has postponed its decision on Ethereum ETF options for the second time.
In a filing on Nov. 8, the regulator noted that the decision to delay was made to allow for more public input and analysis. Specifically, the review is on whether the proposed rule change is in line with the requirements imposed by the Securities Exchange Act.
The SEC highlighted in the filing its concerns regarding the potential impact of the proposal on preventing market manipulation, protecting investors, and ensuring a trading system that is fair and complies with the rules set forth in Section 6(b)(5) of the Act.
In August, NYSE American LLC, Grayscale and Bitwise filed a proposal that highlighted the rule change to allow listing and trading of options on the following products: Bitwise Ethereum ETF, Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust, as well as “any fund that holds ether.”
Additionally, the new delay also concerns the SEC's consideration of whether BlackRock's iShares Ethereum Trust (ETHA), a Bitcoin ETF, will be allowed to list and trade options.
It is worth remembering that, in October, the United States Securities and Exchange Commission (SEC) extended the deadline for a decision on the listing of Ethereum ETF options, scheduling the new date for December 3. This delay affects a proposal that would allow Cboe Exchange to list options on several high-profile Ethereum ETFs, including the iShares Ethereum Trust and BlackRock’s Grayscale Ethereum Trust.
At the time of publication, the price of Ethereum was quoted at US$3.040,50, up 3.3% in the last 24 hours.
