BlackRock and Nasdaq Propose Ethereum ETF Options; SEC Review to Conclude by April 2025

• BlackRock and Nasdaq’s proposal to list Ethereum ETF options is under SEC review, with a final decision expected by April 2025.
• Approval of these options would provide investors with a lower-cost tool for exposure and hedging in Ethereum investments.

In his recent tweet, Collin Brown stated that it’s a significant move for BlackRock and Nasdaq to file for listing options on the iShares Ethereum Trust (ETHA).

Big move! BlackRock and Nasdaq have filed to list options on the iShares Ethereum Trust (ETHA). Comments on the proposal are due in 21 days, with a final SEC decision expected in April 2025. #Ethereum #BlackRock #Nasdaq #Crypto #ETF pic.twitter.com/2iI0AfD4xN

— Collin Brown (@CollinBrownXRP) August 7, 2024

He also noted that comments on the proposal are due in 21 days, with a final SEC decision expected in April 2025.

The filing indicates that offering options on the Trust aims to benefit investors by providing a cost-effective tool for gaining exposure to spot ether and a hedging mechanism for ether-related investments. It reads:

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 as well as a hedging vehicle to meet their investment needs in connection with ether products and positions.

BlackRock’s Ethereum ETF, approved along with eight others in May, began trading last month. Comments on this proposal are due in 21 days, with a final SEC decision anticipated in early April 2025, as noted by Bloomberg Intelligence analyst James Seyffart in a Tuesday post on X. He also highlighted that the

SEC is not the only decision maker on adding options here, as signoff is also needed from the OCC and CFTC.

At the time of writing, Ethereum (ETH) is trading at $1,939.89, having surged by 3.25% in the past day and decreased by 13.87% in the past week.