SEC Approves Public Comment for Grayscale Ethereum ETF Options Trading

According to COINOTAG on February 19th, the U.S. Securities and Exchange Commission (SEC) has initiated public commentary on the options trading for Grayscale and Bitwise Ethereum ETFs. This significant move followed a recent filing by the Chicago Options Exchange, which includes applications for the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. Investors and market participants are permitted a 21-day window to submit their feedback, post the Federal Register’s announcement. Ultimately, the SEC retains the authority to either approve, reject, or entail further review of these proposals. The outcomes of this process could have substantial implications for the crypto investment landscape, particularly in how institutional investors engage with Ethereum-based financial products.