US SEC solicits public feedback on approval of Grayscale and Bitwise Ethereum ETF options trading

PANews February 19th news, according to The Block, the U.S. Securities and Exchange Commission (SEC) is seeking public comments to decide whether options trading should be approved on three spot Ethereum ETFs.

According to a regulatory filing released Tuesday, the SEC solicited options for whether to allow the Chicago Exchange (Cboe Exchange, Inc. to list and trade Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF and Bitwise Ethereum ETF Opinion. The public can submit comments within 21 days of the publication of the Federal Register. After that, the SEC may decide to approve, disapprove or “initiate relevant procedures.”

The agency has not approved options trading on spot Ethereum ETFs. In May 2024, the SEC approved several spot Ethereum ETFs, and since then, companies have been seeking permission to trade options. The SEC also approved spot Bitcoin ETFs more than a year ago and allowed options trading for these products by the end of 2024.