SEC postpones decision on BlackRock and Bitwise spot Ethereum ETF options
The U.S. Securities and Exchange Commission delayed deciding on Nasdaq’s proposed rule change to approve the listing and trading options on BlackRock and Bitwise’s spot Ethereum (ETH) exchange-traded funds (ETFs).
While the decision was initially scheduled for this Thursday, the SEC has now postponed making the ruling to Nov. 10, according to the SEC's Tuesday release.
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change,” the agency wrote in the release.
According to a separate release, the SEC also postponed a decision on NYSE American’s proposal to list and trade options on Bitwise’s spot Ethereum ETFs, Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust. The new deadline for the decision is Nov. 11.
