U.S. SEC approves options trading on spot Ethereum ETFs

The American Commission for Securities and Exchange has officially approved the exchange of options on the Ethereum Stock Exchange Funds.

According to deposit Published on April 9, the SEC approved the options linked to several Ethereum spots (Ethn) ETF, including Ishares Ethereum Trust of Blackrock, Bitwise Etf Etf, Etf de Grayscale’s Ethereum Trust and Ethereum Mini Trust.

The options are financial instruments that allow traders to speculate on the future price of an asset, without having it directly. In this case, investors can now exchange options on Ethereum FNB, allowing advanced strategies such as covered calls or buffered exhibition at the second largest cryptocurrency by market capitalization.

Approval was widely planned. Bloomberg ETF James Seyffart analyst do On X that the approval of ETF ETF options “was 100% expected”. Nate Geraci, president of the ETF store, added that he expects to see new ETF launches with strategies based on options in the near future.

Last year, the sec Greenlight Spot ETH, and these products saw $ 2.34 billion in net entries on April 9, according to Sosovalue data. The approval of the trading of options could inject a new momentum into the Ethereum market, in particular at a time when the price of the cryptocurrency has volatility.

Ethereum finished the first quarter of the year 45% downLose nearly $ 170 billion in market value. Due to the growing competition of layer 2 solutions, standard approved analysts have lowered Their end -of -year price goal for Ethereum from $ 10,000 to $ 4,000.

The cryptocurrency recently fell below $ 1,500 for the first time since March 2023, but has since rebounded at $ 1,611 at the time of the press. For the future, the approval of the implementation of ETH ETH could be the next important step that could help prices.

By locking the supply, ETF compatible with standby can increase ETH demand and increase its price as adoption increases. The New York Stock Exchange and the Chicago Board Options Exchange both have laid Proposals, with the deadline for approval or rejection of the dry fixed for the end of October.

Now that Paul Atkins, friendly. confirmed As a new president of the SEC, analysts believe that ETF innovation, including stain, could accelerate.