Nasdaq PHLX LLC has proposed a rule change to list options on certain Ethereum investment products, including the iShares Ethereum Trust and the Fidelity Ethereum Fund. The proposed rule limits the maximum number of contracts for these options to 25,000, aligning with other exchanges. Additionally, options on these Ethereum products will not be able to trade as FLEX options, which would have different position and exercise limits. The SEC is inviting public comments on these proposed changes.
Simple Explanation
Nasdaq wants to let people trade options, which are like special tickets for buying or selling, on certain Ethereum funds, but with some rules to keep things under control. The big boss, called the SEC, is asking people what they think about these new rules.