SEC Postpones Decision on Ethereum ETF Options for the Second Time

This Friday, the SEC filed a document postponing the decision to allow options on the Ethereum ETF. This is already the second time the Securities and Exchange Commission has delayed that decision.

The Securities and Exchange Commission filed a document on Friday postponing its decision on whether to allow options on the Ethereum ETF for the second time.

The petition from the American Stock Exchange (NYSE) pertains to the right to list and trade options on several exchange-traded funds, including the Bitwise Ethereum ETF, the Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust.

On September 24, the commission had already requested more time to evaluate the request. Following yet another postponement on November 8, the SEC claims that it will now request hearings from public personnel and entities interested in the NYSE listing before reaching a conclusion.

The SEC claims that the self-regulatory organization proposing the rule change is responsible for providing credible information that such rules fall under the Exchange Act. Furthermore, the Commission now requests written statements from all parties, claiming that if these conditions are not met the SEC may not have enough information for approval.

Recently, there have been significant inflows into Ethereum ETFs, with a remarkable $52.3 million surge on November 6, marking the highest inflow in six weeks. Leading the pack were the Fidelity Ethereum Fund with $26.9 million and the Grayscale Ethereum Mini Trust with $25.4 million.

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