menuIcon
$ 99,556.0
BTC
$ 99,556.0
2.61 %
$ 1,931.40
ETH
$ 1,931.40
4.93 %
$ 0.7120
ADA
$ 0.7120
4.05 %
$ 616.72
BNB
$ 616.72
1.77 %
$ 152.29
SOL
$ 152.29
3.03 %
Sujit Kumar
Nov 9, 2024
by Sujit Kumar

SEC Delays Ethereum ETF Options Approval, Boosting Market Speculation

SEC Delays Ethereum ETF

Table of contents

  1. Regulatory Delay, Not Denial?
  2. Ethereum ETF Gains Momentum
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on approving options for spot Ethereum ETF products. According to ETF Store President Nate Geraci, the delay affects options targeted by key issuers, including Bitwise, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as they await the green light from the regulatory body.

Regulatory Delay, Not Denial?

The SEC is legally permitted to delay ETF-related decisions for up to 240 days, providing time to fully assess the product's market implications. Analysts believe this delay could benefit the regulatory outlook on Ethereum ETFs, especially with potential changes in SEC leadership. Rather than outright rejecting the applications, the SEC's postponement may suggest a more careful examination of the products and their impact on the broader market.

Market observers view the delay as a hopeful sign, as it may increase the chance of eventual approval, allowing investors greater flexibility in hedging their investments in Ethereum ETFs. The SEC has highlighted concerns about possible market manipulation and is also assessing whether these options meet the fair trading standards mandated under Section 6(b)(5) of the Exchange Act.

Ethereum ETF Gains Momentum

The recent approval of a spot Ethereum ETF product has been a positive turn for the market, inviting increased institutional adoption. This growing interest is underscored by inflows of $85.9 million into Ethereum-backed ETFs as of November 8, with the Fidelity Ethereum ETF contributing to the asset’s recent popularity. Ethereum’s recent price surge, trading at around $3,046 with a 4.54% 24-hour gain, has further boosted optimism.

As Ethereum continues to draw strong institutional interest, the approval of options on Ethereum ETF products could strengthen its position in the crypto market and enhance its long-term growth trajectory. The SEC's decision is eagerly awaited, with investors hopeful for a positive outcome.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Follow us on: News
SEC Delays Ethereum ETF
SEC Delays Ethereum ETF Options Approval, Boosting Market Speculation
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Top Picks