BlackRock and Nasdaq proposed to amend the rules to launch options products based on ETHA

2024-08-07 08:04:42

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ChainCatcher news, the exchange Nasdaq and the world's largest asset management company BlackRock plan to list options products based on spot Ethereum ETFs. In a filing released on Tuesday on the U.S. Securities and Exchange Commission's website, BlackRock and Nasdaq proposed to amend rules to launch and trade options based on the iShares Ethereum Trust (ticker symbol ETHA).

The filing stated, "The exchange believes that offering trust options will benefit investors by providing them with an additional, relatively low-cost investment tool that allows them to access spot Ether, while also providing a hedging tool to meet their investment needs in Ether products and positions." Comments on the proposal will be published within 21 days. Bloomberg analyst James Seyffart posted on X on Tuesday that the SEC may make a final decision on the proposal in early April 2025.

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