Asset giant BlackRock has submitted an option listing document based on its Ethereum spot ETF ETHA to the U.S. Securities and Exchange Commission (SEC). Bloomberg ETF analyst James Seyffart pointed out that the SEC’s final decision on this may be in April 2025. It will be made around March 9 and will also require approval from the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC).
Nasdaq and BlackRock's filing to add options on Ethereum ETFs has hit the SEC site. Final SEC decision on this from SEC likely to be around April 9th, 2025.(SEC is not the only decision maker on adding options here. Also need signoff from OCC & CFTC) https://t.co/K4HunUPp7S pic.twitter.com/5kQH0mljTz
— James Seyffart (@JSeyff) August 6, 2024
Options trading based on ETHA
It is a product that allows options trading on ETHA. Most traditional financial stocks will have options markets, which allows investors to make long and short bets or hedging on the underlying assets, and can also increase market liquidity.
Coinbase Custody Trust Company, LLC is the custodian of the ether held by the trust and maintains the trust's custodial account; Coinbase is the trust's prime broker and maintains an exclusive trading account for the trust; and BNY Mellon is the trust's cash broker The custodian of the holdings and the administrator of the trust. The exchange is Nasdaq.
Bloomberg ETF analyst James Seyffart noted that the SEC’s final decision on this could come around April 9, 2025. Rather than just the SEC, this product also requires approval from the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC).
ETHA has attracted more than US$800 million since its listing.
BlackRock's Ethereum spot ETF ETHA has had only one day of zero traffic since its listing on July 23, and the rest were net inflows. Even with the market plummeting on these two days, there was a total of US$47.09 million (8/5) and net inflows of $108 million. At present, the total accumulated funds have reached 868 million U.S. dollars. Due to the decline in the price of Ethereum, the asset size is only 595 million U.S. dollars, but the performance is still very bright.
As the world's largest asset management company, its every move has been carefully evaluated. The initial wave of applications for Bitcoin spot ETFs was also led by BlackRock, which finally successfully broke through and allowed the Ethereum spot ETF again a few months later. Successfully listed.
Now that BlackRock has once again applied for ETF-based options trading, it believes it can bring more trading opportunities and liquidity to the market.
This article BlackRock files ETHA-based options trade with SEC appeared first on Chain News ABMedia.
