PANews, February 19 news, according to The Block report, the U.S. Securities and Exchange Commission (SEC) is seeking public comments to decide whether to approve options trading on three spot Ethereum ETFs.
According to a regulatory filing released on Tuesday, the SEC is seeking comments on whether to allow the Chicago Board Options Exchange (Cboe Exchange, Inc.) to list and trade options on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF. The public can submit comments within 21 days of the publication in the Federal Register. Afterwards, the SEC may decide to approve, disapprove, or "institute proceedings" related to the matter.
The agency has not yet approved options trading on spot Ethereum ETFs. In May 2024, the SEC approved several spot Ethereum ETFs, and companies have since been seeking permission for options trading on these products. The SEC also approved a spot Bit ETF more than a year ago and allowed options trading on these products by the end of 2024.
