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The U.S. Securities and Exchange Commission (SEC) has approved options trading for four Ethereum spot ETFs, including products from major institutions such as BlackRock, Bitwise, and Grayscale.
On April 10, the SEC officially approved options trading on several Ethereum spot ETFs through an "accelerated approval" process. The approved products include:
Options are financial instruments that allow investors to buy or sell a cryptocurrency at a specific price on or before a set expiration date. Unlike futures contracts, options do not obligate the holder to execute the trade — they have the right, but not the obligation, to do so.
Ethereum spot ETFs were approved by the SEC nearly a year ago and began trading in the summer of 2024. Since then, many issuers have requested permission to offer options trading, following a similar path to Bitcoin ETFs, which were granted options trading approval in late 2024.
Analysts view this move as part of a long-term strategy to gradually expand the range of crypto-linked financial derivatives.
Nate Geraci, President of ETF Store, commented:
In addition, some issuers are currently proposing the integration of staking mechanisms into Ethereum ETF products. If approved, these ETFs could generate yield from staked ETH and distribute earnings to investors.
According to James Seyffart, ETF analyst at Bloomberg Intelligence, the staking proposals will likely be reviewed in stages, with deadlines in late May, August, and a final review by October 2025.
Meanwhile, ETH price surged 11.4% in the same timeframe, currently trading around $1,620. The rally came after U.S. President Donald Trump announced a 90-day delay on tariffs, aiming to give nations more time for trade negotiations — a move that sparked a global market rebound.
On April 10, the SEC officially approved options trading on several Ethereum spot ETFs through an "accelerated approval" process. The approved products include:
- Nasdaq ISE, LLC: Granted permission to offer options trading on BlackRock's iShares Ethereum Trust.
- NYSE American LLC: Approved options trading for Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust.
What Are Options?
Options are financial instruments that allow investors to buy or sell a cryptocurrency at a specific price on or before a set expiration date. Unlike futures contracts, options do not obligate the holder to execute the trade — they have the right, but not the obligation, to do so.
Ethereum spot ETFs were approved by the SEC nearly a year ago and began trading in the summer of 2024. Since then, many issuers have requested permission to offer options trading, following a similar path to Bitcoin ETFs, which were granted options trading approval in late 2024.
A Step Toward Broader Crypto Derivatives
Analysts view this move as part of a long-term strategy to gradually expand the range of crypto-linked financial derivatives.
Nate Geraci, President of ETF Store, commented:
In addition, some issuers are currently proposing the integration of staking mechanisms into Ethereum ETF products. If approved, these ETFs could generate yield from staked ETH and distribute earnings to investors.
According to James Seyffart, ETF analyst at Bloomberg Intelligence, the staking proposals will likely be reviewed in stages, with deadlines in late May, August, and a final review by October 2025.
Market Reactions
Over the past 24 hours, Ethereum spot ETFs have seen total net outflows of $11.2 million, with BlackRock's ETHA experiencing a $5.5 million withdrawal and Fidelity’s FETH seeing $5.7 million in outflows. Other funds showed no significant changes in capital flow during this period.Meanwhile, ETH price surged 11.4% in the same timeframe, currently trading around $1,620. The rally came after U.S. President Donald Trump announced a 90-day delay on tariffs, aiming to give nations more time for trade negotiations — a move that sparked a global market rebound.
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