Nasdaq ISE, LLC filed a proposed rule with the Securities and Exchange Commission (SEC) that would allow it to list and trade options on the iShares Ethereum Trust. Initially published for comment on August 12, 2024, the SEC received feedback on the proposal. Due to the complexity of the issues raised, the SEC has extended the decision period by 60 days, setting a new deadline of April 9, 2025, to approve or disapprove the rule change. This extension ensures the SEC has enough time to thoroughly evaluate the proposed changes and the feedback received.
Simple Explanation
Imagine a group wanting special permission to play a new game about Internet money called Ethereum, and the people in charge need more time to think about whether itβs okay. They're taking extra time to make sure everything is as safe and fair as possible.