The Securities and Exchange Commission (SEC) is reviewing a proposed rule change from NYSE American LLC. This change would allow options trading for certain Ethereum-based financial products like the Bitwise Ethereum ETF and Grayscale Ethereum Trusts. The SEC initially published this proposal for public comment in the Federal Register in August 2024 and is now extending the deadline to make a decision by April 10, 2025. This extension allows the SEC more time to consider the proposal and the public comments it received.
Simple Explanation
The people in charge of watching over big money markets, called the SEC, need extra time to decide if they should let a certain type of fancy money trading, called options, happen with some Ethereum-based funds. They're taking a bit longer to make sure they think about everything people said about it.