The SEC has approved options trading for several spot Ethereum ETFs, including iShares and Grayscale products.
Ethereum’s price rebounded to $1,650 after the news, recovering from a recent dip near $1,400.
Analysts expect a wave of new Ethereum ETF products to launch soon, including covered call and buffer strategies.
In a surprise move filed under “accelerated approval” this Wednesday, the U.S. Securities and Exchange Commission gave the thumbs up to Nasdaq ISE’s request to allow options trading on the iShares Ethereum Trust. Not stopping there, the SEC also cleared proposals from NYSE American to launch options trading for Bitwise Ethereum ETF, Grayscale Ethereum Trust, and its Mini Trust version.
NEW: Ethereum reclaims $1,600 as the SEC approves options trading for Spot $ETH ETFs 🚀
The agency explained the move with its usual legalese: it “finds that the proposed rule change, as modified by Amendment No. 2, is consistent with the requirements” of the Exchange Act, citing Section 6(b)(5) for the nerds who care about that sort of thing.
This has been in the works for a while. Spot Ethereum ETFs got their green light nearly a year ago and started trading over the summer, but until now, options trading had been a bit of a missing puzzle piece. It’s worth noting the SEC followed a similar playbook with spot Bitcoin ETFs — approved those, then circled back later in 2024 to allow options. Same pattern here.
More Ethereum ETF Products Coming?
Don’t expect this to be the last update. Bloomberg ETF analyst James Seyffart called the approval “expected” — so this was probably more of a ‘when’ than an ‘if.’ Over on X (formerly Twitter), ETF Store president Nate Geraci chimed in too, saying more ETH ETF variations are likely coming soon. Think covered-call strategies, buffered versions… the works.
“Like w/ btc ETFs, expect to see a bunch of new launches from issuers,” Geraci said in his post.
Good news. Ethereum ETF options approved. Was 100% expected. Today was final deadline. I personally don't see it on the SEC website yet but id be shocked if it weren't true. https://t.co/XjOxE0ZqUt
As for the price? Ether had been slipping lately — dipping to about $1,400 earlier this week. But after Wednesday’s announcement? It bounced back up to around $1,650. Coincidence? Maybe not.
So yeah, if you’re into crypto, ETFs, or just enjoy watching regulatory drama unfold, this one’s worth keeping an eye on.
