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.

Ethereum ETF Options: A Regulation That’s Lagging

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.

• The BlackRock iShares Ethereum Trust (ETHA) could become the first product to offer options on Nasdaq ISE. An evolution that would provide more affordable exposure to the crypto-asset Ethereum!
• The NYSE American LLC, on the other hand, plans to list options on the Grayscale Ethereum Trust (ETHE) and the Grayscale Ethereum Mini Trust. This would increase the diversity of available crypto products.

What Consequences for Crypto Investors and the Crypto-Asset Ethereum?

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.