Key facts:
The new deadline for an SEC decision is November 10,
Bitcoin ETF options were approved last week.
The U.S. Securities and Exchange Commission (SEC) has decided to postpone its decision on the proposal to list and trade options on an ether (ETH) ETF (exchange-traded fund). It was announced today, September 24, 2024, that the SEC will extend the deadline for making a final decision until November 10 this year.
The author of the proposal, Nasdaq ISE, seeks to list and trade options on the iShares Ethereum Trustthe ether ETF managed by the company BlackRock. However, in its notice, the SEC explained that more time was needed to evaluate the proposal.
“The Commission considers it appropriate to designate a longer period for taking action on the proposed rule change,” the entity said in the statement. release official.
The postponement comes shortly after the SEC approved options on a Bitcoin ETF also managed by BlackRock on September 20.
As explained in Criptopedia (CriptoNoticias’ educational section), a cryptocurrency ETF allows investors to gain exposure to digital assets without having to directly own the cryptocurrencies. Instead of buying ETH directly, investors can buy shares of the ETF, which tracks the value of ether.
ETF optionsfor their part, are financial contracts that They give the buyer the right, but not the obligation, to buy or sell shares of the ETF at a specified price before a specified date.These instruments allow investors to protect themselves from volatility or speculate on price movements of the underlying asset.
Expectations for the future
The delay in the decision on Ethereum ETF options comes at a key time, when the cryptocurrency ecosystem is seeing increasing demand for traditional financial products tied to digital assets. While some hope that this deadline extension is just a minor setback, others fear that the SEC is taking a more conservative approach to Ethereum.
Anyway, The key date now is November 10thwhen the SEC is expected to decide whether to approve, reject, or further extend the deadline for making a final decision on Ethereum ETF options.
It is worth clarifying that for November 10th We will soon know who will be the new president of the United StatesAs CriptoNoticias has explained, the two main candidates —Donald Trump and Kamala Harris— have very different positions on the bitcoin (BTC) industry and cryptocurrencies.
