The U.S. Securities and Exchange Commission (SEC) recently approved the options trading license for BlackRock’s Bitcoin ETF, so the next step is to promote the follow-up of the Ethereum spot ETF. According to documents submitted on September 24, the SEC decided to postpone the review of options trading on BlackRock and Bitwise’s Ethereum spot ETF until mid-November.
SEC: More time needed for review
Although the SEC approved options trading on the Nasdaq-listed BlackRock Bitcoin Spot ETF (IBIT) on September 20, the agency said it needed more time to review proposals related to the Ethereum ETF.
The new deadlines for BlackRock and Bitwise are November 10 and November 11, respectively. The SEC said it decided to extend the review period because it needed more time for deliberation. The review period, which was originally scheduled to end on September 26, has been extended by 45 days since Nasdaq submitted the iShares Ethereum Trust ETF rule change application on July 22.
Similarly, the SEC also delayed its review of Bitwise’s ETHW fund for similar reasons, pushing back the decision date to November 11 because Bitwise’s rule change proposal was submitted one day after BlackRock’s.
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