The Securities and Exchange Commission has announced a proposed rule change filed by NYSE Arca, Inc. This change allows the listing and trading of options on the iShares Ethereum Trust ETF and the Fidelity Ethereum Fund, which are both related to Ethereum, a cryptocurrency. The move is intended to offer investors more ways to trade and hedge against Ethereum price changes, and the options will be traded under strict guidelines to ensure market stability and investor protection. The SEC is inviting public comments on these proposed changes.
Simple Explanation
The Securities and Exchange Commission is letting people trade special agreements called "options" on some funds linked to a digital money called Ethereum. This change gives people more ways to make money or protect themselves when the value of Ethereum goes up or down.