The US Securities and Exchange Commission (SEC) has approved options trading for several spot Ether ETFs, which could increase Ether's appeal among institutional investors.
On April 9, the SEC approved a proposed rule change submitted by BlackRock for its iShares Ethereum Trust (ETHA) fund filed on July 22, 2024.
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Similar approvals were granted to the Bitwise Ethereum ETF, Grayscale Ethereum Trust (ETHE), Grayscale Ethereum Mini Trust (ETH) and Fidelity Ethereum Fund (FETH).
Options on ETFs offer investors a hedging strategy against asset value declines.