One of the largest investment firms in the world, BlackRock, has teamed up with the Nasdaq Stock Market to offer choices for its newly approved Ethereum ETF. The business asked the U.S. Securities and Exchange Commission (SEC) to change Options 4, Section 3. This would make it easier to trade options on the iShares Ethereum ETF Trust.
The application says that the options will follow current rules for trading ETF options if they are accepted. These rules cover things like listing requirements, expiry dates, exercise prices, margin requirements, and how to stop trading. This makes sure that trading is done in the same way every time.
The Exchange believes that offering options on the Trust for trading on the Exchange will promote competition by providing investors with an additional, relatively low-cost means to hedge their portfolios and meet their investment needs in connection with spot ether prices and ether related products and positions
Ethereum Buyers Gain Opportunities
Not only does the SEC have to agree, but also the Options Clearing Corporation (OCC) and the Commodity Futures Trading Commission (CFTC). This was pointed out by James Seyffart, an ETF expert from Bloomberg. Seyffart thinks that the SEC will make a final decision around April 9, 2025.
If approved, buyers would have more chances to buy Ethereum, which is the second-largest cryptocurrency. But Ethereum (ETH) needs things that make prices go up in order to break out of its present downtrend. ETH fell more than 20% on Monday because of worries about the world economy and more people selling, but it has since risen a little.
Right now, ETH is worth $2,488, which is 1.8% more than it was 24 hours ago, when it was worth $2,112. Crypto analyst Trading Tank said on X (formerly Twitter), a social media site, that keeping the price above $2,400 could lead to even more rebound.
On the ETH/USDT daily chart, he saw that $2,575 was a key level for possible gains of up to $2,690. If this level is broken, ETH could test the barrier at $2,910, which is important for getting back to the $3,000 mark.
