The U.S. Securities and Exchange Commission (SEC) is delaying a decision to review options trading on BlackRock and Bitwise’s Ethereum spot exchange-traded fund (ETF) until mid-November, according to a Sept. 24 filing.

Although the SEC approved options trading on the Nasdaq-listed BlackRock Bitcoin Spot ETF (IBIT) on September 20, the regulator claimed it needed more time to consider a decision regarding the Ethereum ETF.

The new deadlines for BlackRock and Bitwise are November 10 and November 11, respectively. The SEC said it needed more time to consider the proposal. Since Nasdaq filed a rule change application for the iShares Ethereum Trust ETF on July 22, the review period was originally scheduled to end on September 26, but the SEC proposed on the 24th to extend the review period by an additional 45 days.

The SEC also cited Bitwise’s ETHW for the same reason, and the company’s decision date was pushed back to November 11, mainly because the proposed rule changes on Bitwise’s side were filed a day later on BlackRock’s.

BlackRock’s iShares Bitcoin Trust ( IBIT ) received options trading license from the U.S. Securities and Exchange Commission on September 20. Eric Balchunas, senior ETF analyst at Bloomberg, said that this is a "huge win" for Bitcoin ETFs because it will attract more liquidity and thus attract more "big fish" to enter the market.

〈The U.S. SEC requests to extend the decision period to mid-November! BlackRock, Bitwise Ethereum ETF options results still pending> This article was first published on "Blocker".