The Securities and Exchange Commission (SEC) has extended the period to decide on a proposed rule change submitted by the Cboe BZX Exchange for listing and trading options on Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. Originally, the SEC was supposed to make a determination by April 12, 2025, but it has designated a longer period for consideration, now setting the decision date to May 27, 2025. This extension allows the SEC more time to evaluate the proposed rule change as they received no public comments during the initial review period.
Simple Explanation
The SEC needs more time to decide about a new rule to let people trade special kinds of options on some Ethereum funds, so now they plan to make a decision by May 27, 2025, instead of April 12, 2025.