The US Securities and Exchange Commission (SEC) has delayed its decision to either approve or deny the request from Fidelity Investments to list Options on its spot Ethereum ETF product. According to the filing from the markets regulator, despite following the schedule designated to review the proposal, it still require additional time to decide the next move.
Options on Spot Ethereum ETF Demand Is Growing
As the market regulator noted in its filing, it will now look to May 2, 2025, as the tentative timeline to release its decision for the Options listing on spot Ethereum ETF. Already, it has asked the public for comments on the proposed filing and received the feedback as of January 21, 2025.
Fidelity’s push for Options on its spot Ethereum ETF product dates back to October 19, 2024. As reported, CBOE Exchange filed the proposed rule change to further diversify the firm’s interest in the ETF market.
There is growing interest in options products on ETH ETF products in general. Earlier in February, the CBOE BZX Exchange also filed a proposed rule change to list and trade options on Bitwise Ethereum Fund. BlackRock is also moving to list the offering, but neither of these proposals has gained a green light from the market regulator.
This is a developing story, please check back for updates!!!
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