According to Wu, Grayscale and Bitwise, together with the New York Stock Exchange, submitted a rule change proposal to the U.S. Securities and Exchange Commission (SEC), proposing to allow trading of options on the Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust.
The document states that these options will provide investors with an additional, relatively low-cost investment tool and serve as a hedging tool to meet investors' investment needs for Ethereum products and positions.
Public comment on the proposal is due in 21 days. Several companies are also seeking permission to trade options on spot bitcoin ETFs, but have yet to receive approval.
