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Nasdaq Blackrock Propose Rule Change for Ethereum Etf Options Listings

Nasdaq, BlackRock Propose Rule Change for Ethereum ETF Options Listings

BlackRock and exchange operator Nasdaq have proposed a rule change to list and trade options for the asset manager’s spot Ethereum exchange-traded fund, according to a regulatory filing on Tuesday.

In July, the U.S. Securities and Exchange Commission (SEC) approved exchange-traded funds tied to the price of ether from major firms, including Franklin Templeton, VanEck, Bitwise, and 21Shares.

Options give holders the right to buy or sell an asset, such as a stock or exchange-traded product, at a pre-determined price by a set date.

“The exchange believes that offering options on the Trust will benefit investors by providing them with an additional, relatively lower cost investing tool to gain exposure to spot ether,” the filing said.

The SEC oversees technical rule changes that exchanges must make to list options.

The comments on the rule change proposal are due in 21 days.

(Source: ReutersReuters)

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Mark Glenn
Mark Glenn is a financial journalist and breaking news reporter for ABBO News. Mark is known for his ability to deliver real-time news updates on market developments, mergers and acquisitions, corporate earnings reports, and regulatory changes, helping investors stay informed and make sound financial decisions.