The Securities and Exchange Commission (SEC) has published a notice about a rule change by the MIAX PEARL, LLC Exchange. This proposed change would allow the exchange to list and trade options on the Fidelity Ethereum Fund. These options let investors engage with Ethereum without directly buying the cryptocurrency. The proposal aims to offer another trading venue for these options to enhance market transparency and liquidity, in a manner similar to what is already available for options on ETFs tied to other commodities.
Simple Explanation
The SEC has announced a new plan that lets a certain company offer special deals for buying and selling on something like "Ethereum" without needing to own it, kind of like trading Pokemon cards without owning the cards. This idea hopes to make it easier and clearer to trade, just like trading other popular things.