The Securities and Exchange Commission (SEC) has received a proposal from Cboe EDGX Exchange, Inc. to change its rules. This change would allow the exchange to list and trade options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. The proposal outlines the procedures, position limits, and surveillance measures Cboe EDGX will implement to ensure fair and orderly trading of these options. The SEC is inviting public comments on the proposal, and it will become effective unless the SEC suspends it for further review.
Simple Explanation
The SEC got a request from a company to change some rules so they can offer new kinds of "betting slips" called options based on things called Ethereum Trusts and ETFs. They are making sure that everything will be fair and safe for people who want to trade these options.