SEC postpones ruling on Fidelity Ether ETF options
12 Marzo 2025 - 8:20PM
Cointelegraph
The US Securities and Exchange Commission has postponed ruling
on whether or not to permit Cboe BZX Exchange to list options tied
to asset manager Fidelity’s Ether (ETH) exchange-traded
fund (ETFs).
The agency has given itself until May 14 to approve or
disapprove of Cboe BZX’s request to list options tied to Fidelity
Ethereum Fund (FETH), according
to a March 12 SEC filing.
Cboe BZX initially requested to list options on Fidelity’s Ether
ETFs in January, the filing said.
Listing options on Ether funds is an important step in
attracting institutional capital to the cryptocurrency.
Ether ETFs by net assets. Source:
VettaFi
Related:
SEC acknowledges slew of crypto ETF filings as reviews,
approvals accelerate
Flurry of filings
In February, the SEC
acknowledged more than a dozen exchange filings related to
cryptocurrency ETFs, according to records.
The SEC’s acknowledgments highlight how the agency has softened
its stance on crypto since US President Donald Trump started his
second term on Jan. 20.
On March 11, Cboe BZX asked regulators for
permission to incorporate staking into Fidelity’s Ether ETF.
Staking is not yet permitted by any publicly traded US Ether
fund.
Staking Ether enhances returns and involves posting ETH as
collateral with a validator in exchange for rewards.
Fidelity’s FETH is among the more popular Ether ETFs, with
around $780 million in net assets as of March 12, according to data
from VettaFi.
In February, the SEC
delayed deciding on similar rule changes proposed by Nasdaq ISE
and Cboe’s affiliate, Cboe Exchange — both US-based securities
exchanges.
The agency intends to decide by April if
Nasdaq
can list options tied to BlackRock’s iShares Ethereum Trust
(ETHA).
BlackRock’s fund is the largest ETH ETF, with more than $3.7
billion in net assets, VettaFi’s data shows.
It will rule on Cboe Exchange’s bid to list options on
Fidelity’s Ether fund in May.
Spot Ether ETFs were listed in July 2024 and have proceeded to
attract nearly $7 billion in net assets, according to VettaFi’s
data.
Options are contracts granting the right to buy or sell — “call”
or “put,” in trader parlance — an underlying asset at a certain
price.
Magazine:
MegaETH launch could save Ethereum… but at what
cost?
...
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SEC postpones ruling on Fidelity Ether ETF
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