SEC Approves Options Trading on Ethereum ETFs, Boosting Ether Price

Edited by: Yuliya Shumai

The U.S. SEC approved options trading on spot Ethereum ETFs, including those from BlackRock and Grayscale. This decision, announced today, allows investors to manage risk and leverage positions without directly holding ETH. Following the announcement, Ether's price surged, gaining over 14% in 24 hours to around $1,675, according to CoinMarketCap data. BlackRock's ETHA currently holds $1.8 billion in assets. The approval comes almost a year after spot Ethereum ETFs were first launched.

Read more news on this topic:

Sec Approves Proshares' Xrp Futures Etfs, Price Jumps 3.5%

SEC Delays Decision on Grayscale Ethereum ETFs Staking Until June 1

Canada Approves Solana ETFs Amidst US Regulatory Hesitation

Did you find an error or inaccuracy?

We will consider your comments as soon as possible.