SEC Delays Decision on Spot Ethereum (ETH) ETF Options for Second Time

The U.S. Securities and Exchange Commission (SEC) is delaying its decision on approving Ethereum (ETH) spot market exchange-traded fund (ETF) options.

In a new filing, the regulatory agency says it will be delaying its choice as a means of allowing for more public input and expert analysis on whether the change would be consistent with current securities laws, though no specific date was provided.

“The Commission is instituting proceedings to allow for additional analysis of the proposed rule change’s consistency with [the law], which requires…

That the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to remove impediments to and protect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest.”

In October, the SEC green lit Bitcoin (BTC) options ETFs for the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE). At the time, the SEC said they were approved because the regulator had recently approved the Nasdaq to list options on the iShares Bitcoin Trust (IBIT), which yielded positive results.

Bitwise executive Jeff Park said “things will likely get wild” after the SEC approved options on BlackRock’s Bitcoin ETF.

“In summary, the Bitcoin ETF options market is the first time the financial world will see regulated leverage on a perpetual commodity that is truly supply-constrained. Things will likely get wild. In such scenarios, regulated markets may shut down.

But the remarkable thing about Bitcoin is there will always be a parallel, decentralized market that can’t be shut down, unlike GME – which, as you can imagine, will add even more fuel to the fire.

It’s going to be unbelievably fantastic.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post SEC Delays Decision on Spot Ethereum (ETH) ETF Options for Second Time appeared first on The Daily Hodl.