Type:Notice
Citation:90 FR 12623
Reading Time:about a minute or two
On January 24, 2025, the Cboe EDGX Exchange proposed a rule change to list options on the Fidelity Ethereum Fund, which was later amended and published on February 13, 2025. The Securities and Exchange Commission (SEC) did not receive any comments on the proposal. According to the Securities Exchange Act, the SEC has a set period to approve or disapprove such changes, which is normally 45 days. However, the SEC has decided to extend this timeframe to May 14, 2025, in order to allow more time to consider the proposal.
Simple Explanation
The SEC needs more time to think about letting people trade special contracts (options) on something called the Fidelity Ethereum Fund, so they decided to delay the final decision until mid-May.