SEC postpones ruling on Fidelity Ether ETF options

Quick Summary:

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.

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.

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.

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Article Details

Author / Journalist: Cointelegraph by Alex O’Donnell

Category: Crypto

Markets: United States

Topics: Cboe According Exchange Etfs Fidelity’s List Fund Agency Rule Options Ether

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 19:20:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 26946995

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