SEC Approves Ethereum Options ETFs: A Big Win for Ether?

The US Securities and Exchange Commission (SEC) has approved options trading on spot Ethereum ETFs (exchange-traded funds), marking a significant development for the cryptocurrency market. This new approval allows investors to trade derivatives linked to several Ether ETFs, including BlackRock’s iShares Ethereum Trust, Bitwise’s Ethereum ETF, Grayscale’s Ethereum Trust and Ethereum Mini Trust, and Fidelity’s ‘Ethereum Fund. This is viewed as a key step towards increased institutional access and broader participation in the crypto market.