#BlackRock⁩ and #Nasdaq applied to #SEC. to launch an option on the spot #EthereumEFT #ETF.

#SEC's deadline to evaluate this application was set as April 9, 2025.

However, during this process, the other two US regulatory bodies,#OCC(Options Clearing Corporation) and#CFTC(Commodity Futures Trading Commission), also need to approve.

These approval processes will be critical for the product to be launched.