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The Securities and Exchange Commission (SEC) has received a proposal from NYSE Arca, Inc. to amend certain rules to allow the listing and trading of options on specific Ethereum-based exchange-traded funds (ETFs), such as the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. This proposal aims to offer investors a straightforward way to gain exposure to Ethereum through the securities market without dealing directly with cryptocurrency. The SEC's notice seeks public comments and explains how these options will be managed, including details about position and exercise limits set to prevent market manipulation. The proposed rule change aims to enhance market competitiveness and transparency by providing investors with an additional, cost-effective way to invest in Ethereum-based ETFs.

The Cboe EDGX Exchange, Inc. filed a rule change with the Securities and Exchange Commission to list and trade options on the Fidelity Ethereum Fund. This fund is an Ethereum-backed commodity ETF, aiming to reflect Ethereum's performance and provide investors exposure to the Ethereum market without direct handling of the cryptocurrency. The Exchange proposes specific position and exercise limits for these options to minimize risks and maintain a fair trading environment. The SEC is seeking public comments on this rule change proposal before making a decision.

The New York Stock Exchange Arca (NYSE Arca) has proposed a rule change to increase the position and exercise limits for options on the Grayscale Bitcoin Mini Trust BTC and the Bitwise Bitcoin ETF from 25,000 contracts to 250,000 contracts. This change aims to make market trading more competitive and flexible by allowing more trades and reducing reliance on over-the-counter markets. The proposal also seeks to permit flexible options (FLEX) trading on these bitcoin-related funds, which currently aren't available for FLEX trading. The Securities and Exchange Commission (SEC) is inviting comments on this proposed change to assess its impact on trading and investor protection.

The Cboe BZX Exchange has proposed a rule change to allow the listing and trading of options on shares of the Fidelity Ethereum Fund, an Ethereum-backed commodity ETF. This rule change aims to provide investors with a cost-effective investment tool for gaining exposure to Ethereum prices and positions, without dealing with the complexities of Ethereum delivery. The Exchange believes this will increase market transparency and improve price discovery while offering investors a regulated environment to trade these options. The proposed options would have American-style settlement and conform to existing Exchange rules, including position and exercise limits of 25,000 contracts.

The Securities and Exchange Commission (SEC) has announced a proposed rule change submitted by Cboe EDGX Exchange, Inc., to list and trade options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. These proposed ETFs, backed by Ethereum, aim to give investors a more straightforward method to invest in Ethereum without handling the cryptocurrency directly. The rule change seeks to establish guidelines on listing, trading specifications, position and exercise limits, and ensures these options meet existing trading regulations. The SEC is open to public comments on this proposal as part of its decision-making process.

The Cboe EDGX Exchange, Inc. proposed a rule change to allow options trading on Bitcoin-backed funds, such as the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. These Bitcoin-based exchange-traded funds (ETFs) provide investors exposure to Bitcoin's performance without owning the cryptocurrency directly. The rule change aims to align with existing options trading standards on the Exchange and ensure that proper safeguards are in place to detect market abuses. The Securities and Exchange Commission is seeking public comments on this proposal.

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.