According to an application document submitted by the New York Stock Exchange (NYSE) to the U.S. Securities and Exchange Commission (SEC), the exchange is requesting approval to list and trade three Ethereum ETF options from issuers Bitwise and Grayscale (Grayscale). Add more trading opportunities, strategies and liquidity to the market.
NYSE files for option to list Ethereum ETF
The document states that the NYSE has submitted an application for changes to the trading rules of its three Ethereum spot ETFs to the SEC, requesting approval to list and trade options based on the three ETFs, including Bitwise’s ETHW, Grayscale’s ETHE and ETH.
The exchange emphasized that option trading will provide hedge funds and financial planners with hedging and hedging needs to protect against severe market fluctuations and satisfy investors’ more complex investment strategies for Ethereum products:
Offering options on the Trust would benefit investors by providing them with an additional and relatively low-cost investment vehicle to gain additional exposure to Ethereum.
It is reported that the NYSE has only listed the above three Ethereum spot ETFs, and comments on the proposal are expected to be submitted within the next 21 days.
A few days ago, the Nasdaq exchange had just submitted listing and trading application documents for BlackRock’s Ethereum spot ETF (ETHA) option. It is said that the SEC will likely make a decision before April 9, 2025. final decision.
(BlackRock files ETHA-based options trade with SEC)
Three ETFs worth $5.6 billion
SosoValue data shows that among the current nine Ethereum spot ETFs, ETHE, ETH and ETHW rank first, second and fifth respectively in terms of assets under management, with US$4.5 billion, US$843 million and US$208 million respectively. .
Among them, BlackRock's ETHA and Fidelity's FETH, which are newer than ETHE, have achieved outstanding results of US$870 million and US$340 million respectively in less than two weeks.
On the other hand, the outflow rate of ETHE continues to slow down, with outflows exceeding US$2.23 billion so far, and the outflow rate has slowed down to around 24.3%.
(Technology stocks continue to be under pressure, Ethereum plummets, why is ETHE eager to sell?)
However, after passing the SEC, the ETH ETF options still need to be approved by the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC). The SEC has not even approved the options trading of the Bitcoin spot ETF, which shows the specific details of the actual listing. Time is still far off.
This article The New York Stock Exchange submitted a listing request for three Ethereum ETF options, Grayscale and Bitwise, first appeared on Chain News ABMedia.
