Will Nasdaq Get $ETH Option Trading Approvel From SEC? Read full depth detail here:-

Nasdaq International Securities Exchange has proposed to the SEC to introduce options trading on BlackRock's iShares Ethereum Trust. The trust will hold Ethereum, stored by Coinbase, and cash, held by The Bank of New York Mellon. It will not engage in Ethereum staking, maintaining a passive investment approach.

The initiative aims to expand #Ethereum2 investment opportunities and integrate cryptocurrency into traditional financial markets. The shares offer a way for investors to access Ethereum without direct investment, appealing to those using hedging and speculation strategies.

This proposal follows the SEC's approval of several cryptocurrency ETFs in the U.S., including spot Bitcoin and Ethereum ETFs earlier this year. This marks a significant shift after years of SEC rejections of such products.

If approved, options on the iShares Ethereum Trust will follow the same rules as other ETFs, covering underlying securities, expirations, strike prices, and trading halts. Nasdaq and BlackRock announced plans to introduce options for the spot Ethereum ETF with the ticker symbol ETHA.

The proposed options could offer a cost-effective way for investors to gain exposure to Ethereum and hedge Ethereum-related investments. The SEC has set a 21- day public comment period, with a final decision expected by April 2025.

This move by Nasdaq and BlackRock highlights the growing integration of cryptocurrency into mainstream markets, providing new ways for investors to engage with digital assets under established regulations.

Follow #MU_Traders for more updates and don't forget to like post.

#BlackRockETHOptions #RoninBridgeAlert #MarketDownturn $BTC $BNB