Global financial giant BlackRock, together with Nasdaq, has officially submitted an innovative proposal to the U.S. Securities and Exchange Commission (SEC) to launch an options product based on the spot Ethereum ETF (specifically iShares Ethereum Trust, stock code ETHA). This move marks a new milestone in the integration of crypto assets with traditional financial markets.

In the official document submitted to the SEC on Tuesday, the two parties elaborated on the rationality of the proposal in detail, emphasizing that the launch of such options products will open up a convenient and cost-effective path for investors to indirectly participate in the Ethereum spot market. The document pointed out that the option not only provides investors with a new option for diversifying their portfolios, but also serves as an effective risk management tool to help investors achieve flexible hedging strategies on Ethereum-related assets to meet their growing investment and risk management needs.

The public feedback period for the proposal is set at 21 days, during which time all walks of life will have the opportunity to express their opinions on this innovative financial product. According to Bloomberg analyst James Seyffart's prediction, the SEC is expected to make a final ruling on the proposal in early April 2025, which undoubtedly brings expectations and reverie to cryptocurrency enthusiasts and financial market participants. If approved, the launch of this option product will further promote the maturity and popularity of Ethereum and the entire cryptocurrency market. $GFT $WIF $AI