The U.S. Securities and Exchange Commission has postponed its decision on reviewing BlackRock and Bitwise’s Ethereum ETF for options trading until mid-November. Although the SEC approved Nasdaq to list BlackRock Bitcoin Spot ETF (IBIT) options trading on September 20, the regulator claimed that it needed more time to consider the decision on the Ethereum ETF.

The United States Securities and Exchange Commission (SEC) has delayed its decision on reviewing BlackRock and Bitwise’s Ethereum spot exchange-traded fund (ETF) for options trading until mid-November, according to a filing on September 24.

Although the SEC approved Nasdaq to list options trading on the BlackRock Bitcoin Spot ETF (IBIT) on September 20, the regulator claimed that it needed more time to consider its decision on 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 submitted the iShares Ethereum Trust ETF rule change application 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 another 45 days.

The SEC also dealt with Bitwise’s ETHW for the same reason, and the company’s decision date was postponed to November 11, mainly because Bitwise’s proposed rule change was submitted one day after BlackRock’s.

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