The SEC has once again delayed its decision on the listing of Ethereum ETF options. This is causing some frustration among crypto investors. The new dates announced push the decision to November 10, 2024, for Nasdaq ISE and November 11, 2024, for NYSE American LLC.
The #SEC has established new deadlines for its decision on ETH ETF options: 10/11/24 and 11/11/24 for Nasdaq ISE and NYSE American LLC respectivelyhttps://t.co/SzMMc0hwrg
— Blockhead (@blockhead_co) September 25, 2024
This delay is part of a more comprehensive SEC strategy, which prefers to evaluate every detail before giving the green light to crypto derivatives. The crypto regulator has, however, approved the listing of options on BlackRock’s Bitcoin ETF. This shows a certain relaxation in its position on crypto products.
BlackRock and Grayscale’s requests specifically aim at listing options for their Ethereum ETFs.
Options on Ethereum ETFs represent an essential instrument for those looking to manage risks or speculate on crypto market volatility. For institutional investors in particular, they offer essential protection against the volatility of Ethereum.
This delay by the SEC could therefore impact the dynamics of the Ethereum market. With a market capitalization of around $200 billion, Ethereum holds a crucial place in the crypto ecosystem. Any regulatory change or product related to this asset thus has significant repercussions.
That’s not all! The listing of options could even influence short-term price fluctuations. According to experts, derivatives allow for greater flexibility in investment strategies. Consequently, a prolonged delay could maintain a certain volatility in the crypto market (at least until the final approval expected in November).
In November, the final decision could therefore redefine the future of crypto ETFs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.