The U.S. Securities and Exchange Commission (SEC) has delayed its decision on a proposed rule change that would allow Nasdaq ISE, LLC to list and trade options on the iShares Ethereum Trust, managed by BlackRock.
The decision, initially expected by September 26, has been pushed to November 10, 2024. This move allows the SEC additional time to consider the proposal, which could pave the way for significant changes in the options market tied to Ethereum.
BlackRock Ethereum ETF Options Decision Postponed
According to a recent filing by the US SEC, the proposed options on the BlackRock Spot Ethereum ETF have encountered a procedural delay. Nasdaq ISE, LLC, the exchange behind the proposal, submitted a request to amend its listing rules to include options on the iShares Ethereum Trust, a fund managed by BlackRock.
While the original deadline for the SEC’s decision was set for September 26, the regulatory body has chosen to extend its review period.
The US SEC has indicated that this extension is necessary to allow sufficient time to thoroughly evaluate the proposed rule change. The new deadline for a decision has been set for November 10, 2024. This delay is part of a broader regulatory process that governs how financial products like options are introduced to the market, particularly those tied to cryptocurrency assets like Ethereum.
This Is a Breaking News Please Check Back For More
The post Breaking: BlackRock Ethereum ETF Options Decision Postponed By US SEC appeared first on CoinGape.
