In a notable development, BlackRock, one of the worldโs largest asset managers and ETF issuers, has teamed up with the Nasdaq Stock Market to introduce options for its Ethereum ETF, recently approved by US regulators.
### 2025 Decision On Ethereum ETF Options Proposal ๐
BlackRock has filed a proposal with the US Securities and Exchange Commission (SEC) to amend Options 4, Section 3, allowing for options trading on the iShares Ethereum ETF Trust. If approved, these options will follow the Exchangeโs existing rules for ETF options trading, covering aspects like listing criteria, expirations, exercise prices, margin requirements, and trading halt procedures.
### Regulatory Approval Needed ๐๏ธ
Bloomberg ETF expert James Seyffart noted that the introduction of options on BlackRockโs Ethereum ETF requires regulatory approval from not only the SEC but also the Options Clearing Corporation (OCC) and the Commodity Futures Trading Commission (CFTC). Seyffart expects a final decision from the SEC around April 9, 2025ยน.
### Key Levels To Watch For ETHโs Price ๐
If approved, this development would give investors further exposure to Ethereum, the second-largest cryptocurrency. However, ETH needs bullish catalysts to break out of its current downtrend. On Monday, ETH retraced over 20% due to global economic uncertainties and increased selling pressure.
Currently, ETH is trading at $2,488, up 1.8% over the past 24 hours, after hitting a low of $2,112 on Monday, a level not seen since January 2023ยฒ.
### Price Recovery Insights ๐ก
Crypto analyst Trading Tank mentioned on social media that as long as ETH stays above $2,400, further price recovery is possible. He also highlighted the $2,575 level as crucial for another leg higher, aiming to test the first resistance at $2,690 on the ETH/USDT daily chart. If ETH breaches this barrier, the next hurdle to watch is the $2,910 resistance level, which is key to reclaiming the $3,000 milestoneยฒ.
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