Type:Notice
Citation:90 FR 12607
Reading Time:about a minute or two
The Cboe EDGX Exchange filed a proposal with the Securities and Exchange Commission (SEC) to list and trade options on certain Ethereum Trust ETFs. This proposal was filed on February 5, 2025, and an amendment followed on February 6, 2025. The SEC has decided to extend the standard 45-day review period to give it additional time to consider this proposal, setting a new deadline of May 27, 2025, to make a decision. No public comments were received on the proposal.
Simple Explanation
Cboe EDGX Exchange wants to make new products called "options" available for Ethereum funds, but the SEC needs more time to think about this decision. They have until the end of May to decide if it's a good idea.