BlackRock, Nasdaq make the push for options on spot Ethereum ETF
Quick Take
- In a filing posted to the SEC’s site, BlackRock and Nasdaq proposed a rule change to list and trade options on the iShares Ethereum Trust.
- Comments on the proposal are due in 21 days.
Exchange Nasdaq and the world's largest asset manager BlackRock plan to list and trade options for its spot Ethereum exchange-traded fund.
In a filing posted Tuesday to the U.S. Securities and Exchange Commission's site, BlackRock and Nasdaq ISE, LLC proposed a rule change to list and trade options on the iShares Ethereum Trust (ticker ETHA).
"The Exchange believes that offering options on the Trust will benefit investors by providing them with an additional, relatively lower cost investing tool to gain exposure to spot ether as well as a hedging vehicle to meet their investment needs in connection with ether products and positions," the filing read.
BlackRock's ETF was approved along with eight others in May and began trading last month.
Comments on the proposal are due in 21 days. A final decision on the proposal from the SEC will likely happen in early April 2025, said Bloomberg Intelligence analyst James Seyffart in a post on X on Tuesday.
Update: Aug. 6, 8:55 p.m. UTC to include Seyffart's post
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
