In an interesting development, the United States Securities and Exchange Commission (SEC) has delayed its decision on BlackRock’s request to offer options trading on its spot Ethereum ETF (exchange-traded fund).
New Deadline For Ethereum ETF Options Trading?
The Commission is extending the time period for approving or disapproving the proposed rule change for an additional 60 days. The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.
What’s The Reason For The Delay?
The market pump that followed Donald Trump’s triumph in the last US presidential election was a sign of good things to come for the crypto industry in the new administration. While it’s only been one month into the second stint of Trump’s era, things are beginning to look up for the digital asset industry — at least regulatory-wise.
Source: EricBalchunas/X
In one such move, Trump nominated pro-crypto businessman and former SEC Commissioner Paul Atkins as the next chairman of the regulatory agency. According to ETF expert Eric Balchunas, Atkins’ confirmation as the new SEC Chair might be the only thing holding up options trading on BlackRock’s Ethereum ETF.
The price of Ethereum on the daily timeframe | Source: ETHUSDT chart on TradingView
