The U.S. Securities and Exchange Commission (SEC) is taking longer to rule on exchange-traded fund options (ETF) based on Ethereum from large asset managers. The deadline date has been moved from February 7 to April 9, 2025.
Let us recall that the Commission is currently considering several such applications: ETHW from Bitwise, ETHE and Ethereum Mini Trust from Grayscale, ETA from BlackRock.
The SEC cited the need for further evaluation of the proposal and potential market implications. The regulator has already postponed its decision three times, the first two times in September 2024 and November 2024.
The U.S. Securities and Exchange Commission has already asked for public comment, meaning that market participants have three weeks to make their case for or against approving the options. Ethereum-funds.
SEC approval is not the only condition for the launch of a new product based on the leading altcoin. In addition to the Commission’s positive decision to approve spot ETH-ETF two more American regulators must be cleared: the Options Clearing Corporation (OCC) and the Commodity Futures Trading Commission (CFTC). Only then will the fund enter the market.