On January 24, 2025, the Cboe BZX Exchange, Inc. filed a proposal with the Securities and Exchange Commission (SEC) to list options on the Fidelity Ethereum Fund. The proposal, which was modified with Amendment No. 1, was published for public comment on February 13, 2025, but received no feedback. The SEC, needing more time to review the proposal, extended the deadline for its decision to either approve, disapprove, or start proceedings regarding the proposal from March 30, 2025, to May 14, 2025.
Simple Explanation
The SEC needs more time to decide if people can trade special bets, called options, on a fund that deals with Ethereum, a type of computer money, so they pushed back the deadline to say βyesβ or βnoβ until May.