TechFlow reports that Grayscale and Bitwise are applying to the U.S. Securities and Exchange Commission (SEC) for approval to list options on their spot Ethereum ETFs. According to a filing on the SEC’s website, the New York Stock Exchange has jointly proposed rule changes with Grayscale and Bitwise to list and trade options on three products: the Bitwise Ethereum ETF, the Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust, as well as “any trust holding ETH.”
The filing states that offering Ethereum ETP options would provide investors with additional, relatively low-cost investment tools to gain exposure to spot Ethereum, as well as hedging instruments related to Ethereum products and positions. The comment period for the proposal is 21 days.
Additionally, several firms are also seeking to launch options on spot Bitcoin ETFs, though such approvals have not yet been granted by the SEC.
Previous report, Nasdaq and BlackRock plan to launch spot Ethereum ETF options.
