Search Results for keywords:"Ethereum"

MIAX Sapphire, LLC has filed a proposed rule change with the Securities and Exchange Commission (SEC) to allow trading options on the Grayscale Ethereum Trust, Grayscale Ethereum Mini Trust, and Bitwise Ethereum ETF. These funds, also called Ether Funds, allow investors to track ether's performance without dealing with the complexities of ether delivery. Options on Ether Funds will be physically settled and subject to specific trading rules. The rule change aims to offer investors a lower-cost tool to manage investments linked to ether and promote trading transparency.

In a notice published by the Securities and Exchange Commission, the MIAX PEARL, LLC proposed a change to its rules to allow the listing and trading of options on the iShares Ethereum Trust. This change is intended to give investors a more cost-effective way to invest in Ether, a type of cryptocurrency, without directly owning it. The rule change aligns with similar approvals from other exchanges and aims to enhance the tools available to investors for managing their investment portfolios. The proposal has been filed to encourage comments from the public and does not impose significant burdens on competition or investor protection.

The Securities and Exchange Commission (SEC) is evaluating a rule change proposed by NYSE Arca to list and trade shares of the Bitwise 10 Crypto Index Fund, which primarily deals with digital currencies like Bitcoin and Ethereum. This fund, operating under proposed NYSE Arca Rule 8.800-E, will not use derivatives, thus minimizing counterparty risks and will only handle digital assets and cash. The SEC will decide on the rule change by either approving, disapproving, or investigating further within a set timeframe. Interested parties are invited to submit their comments on this proposal to the SEC.

The Cboe BZX Exchange, Inc. proposed a rule change to allow listing of options on the iShares Ethereum Trust, which involves trading options on a fund that represents interests in Ethereum. This proposal is aligned with a similar rule change approved for Nasdaq ISE, LLC and aims to provide investors with a lower-cost tool for gaining exposure to Ethereum. The Exchange has set conservative position and exercise limits for these options to ensure market stability and plans to follow the same rules that apply to other Exchange-Traded Fund (ETF) options. This new offering is expected to enhance market transparency and provide an alternative to the unregulated over-the-counter options market.

MIAX Sapphire, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to allow options trading on the Fidelity Ethereum Fund. This proposal aims to amend Exchange Rule 402, so that this fund can be listed and traded similar to other exchange-traded funds (ETFs) that hold commodities. The change is designed to let investors hedge against price changes in Ethereum effectively through a regulated market, rather than engaging in unregulated over-the-counter options markets. The SEC is inviting public comments on the proposal.