1 week ago
The Securities and Exchange Commission (SEC) gave the greenish airy for the trading of options tied to ether (ETH) exchange-traded funds (ETFs).
On Wednesday, the regulator approved a filing from Nasdaq ISE, filed past July, which asked to database options contracts connected the BlackRock’s iShares Ethereum Trust (ETHA). Options are a fashionable trading conveyance to leverage and hedge hazard and are particularly charismatic to organization investors who are looking to power ample amounts of shares.
The Commission had until contiguous to marque a decision. James Seyffart, ETF expert astatine Bloomberg Intelligence, said the support was “100% expected.”
The options use specifically to ETHA, meaning that BlackRock’s merchandise is the lone spot ether ETF that options tin beryllium traded on.
Other funds are listed connected the New York Stock Exchange’s Arca and Cboe.
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