Ethereum’s Next Big Moment? SEC Seeks Feedback on ETH ETF Options Trading
Nearly a year after approving a spot Ethereum (ETH) exchange-traded fund (ETF), the U.S. Securities and Exchange Commission (SEC) is still evaluating whether to allow options trading on these products.
A filing released yesterday revealed that the agency is now seeking public comments on a proposed rule change that would permit options trading for ETH spot ETFs from Bitwise, iShares, and Grayscale.
Options for Bitcoin-linked spot ETFs were approved shortly after these products were given the nod by the SEC in January 2024.
In its filing, the Cboe Exchange commented: “The Ethereum Funds are similar to the Bitcoin Funds, except that those funds hold Bitcoin (another cryptocurrency) rather than Ethereum, which are already eligible for options trading on the Exchange.”
Since their launch in July last year, ETH-linked spot ETFs have attracted nearly $10 billion in inflows.
The two largest funds are the iShares Ethereum Trust (ETHA) and the Grayscale Ethereum Trust ETF (ETHE), managing $3.6 billion and $3.4 billion in assets, respectively.
Ethereum (ETH) Seems Poised to Recover as Momentum Indicators Send Buy Signal
Ethereum (ETH) is the worst-performing cryptocurrency among the top five this year, with losses currently standing at 18%.
This weakness may be attributed to how competing platforms like Solana, Sui, Cardano, and Tron have managed to offer developers a suitable alternative that allows them to scale their solutions quickly.
In the past 24 hours, the price of ETH has recovered slightly, booking a 1.4% gain to stand at $2,731 per coin.
From a technical perspective, ETH remains in a downtrend, consistently forming lower highs since its December peak.
However, the token has also established higher lows, signaling a consolidation phase where market participants are determining its fair valuation based on current conditions and network prospects.
ETH has been hovering between $2,600 and $2,800, suggesting that the market sees this range as equilibrium. However, momentum indicators hint at a potential breakout, with the Relative Strength Index (RSI) crossing above the signal line and the MACD histogram showing steadily rising green bars—both signs of strengthening bullish momentum.
A decisive break above $2,850 could trigger a move toward the upper trend line, while a confirmed breakout may push ETH to $3,320, representing a 21.8% upside.
As Ethereum gains traction, securing digital assets becomes crucial. Best Wallet offers an advanced Web3 storage solution, and its native token, $BEST, presents an early investment opportunity in this cutting-edge project.
Best Wallet Surpasses $10M in Presale as It Expands Web3 Capabilities
Best Wallet ($BEST) is a next-generation crypto wallet that supports over 60 blockchains and thousands of digital assets, offering seamless access to the evolving Web3 ecosystem.
At the core of the platform is the $BEST token, which unlocks premium features, including the Upcoming Tokens tool—an essential resource for discovering high-potential crypto ICOs before they take off.
Since launching its presale in December, Best Wallet has raised $10.2 million, fueling the development of its roadmap, which includes the launch of a decentralized exchange (DEX) to enhance trading efficiency.
To buy $BEST, visit the Best Wallet website and connect your wallet.
You can either swap your USDT, ETH, or BNB tokens or use a bank card to make your investment.
The post Ethereum’s Next Big Moment? SEC Seeks Feedback on ETH ETF Options Trading appeared first on Cryptonews.
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Ethereum’s Next Big Moment? SEC Seeks Feedback on ETH ETF Options Trading
Nearly a year after approving a spot Ethereum (ETH) exchange-traded fund (ETF), the U.S. Securities and Exchange Commission (SEC) is still evaluating whether to allow options trading on these products.
A filing released yesterday revealed that the agency is now seeking public comments on a proposed rule change that would permit options trading for ETH spot ETFs from Bitwise, iShares, and Grayscale.
Options for Bitcoin-linked spot ETFs were approved shortly after these products were given the nod by the SEC in January 2024.
In its filing, the Cboe Exchange commented: “The Ethereum Funds are similar to the Bitcoin Funds, except that those funds hold Bitcoin (another cryptocurrency) rather than Ethereum, which are already eligible for options trading on the Exchange.”
Since their launch in July last year, ETH-linked spot ETFs have attracted nearly $10 billion in inflows.
The two largest funds are the iShares Ethereum Trust (ETHA) and the Grayscale Ethereum Trust ETF (ETHE), managing $3.6 billion and $3.4 billion in assets, respectively.
Ethereum (ETH) Seems Poised to Recover as Momentum Indicators Send Buy Signal
Ethereum (ETH) is the worst-performing cryptocurrency among the top five this year, with losses currently standing at 18%.
This weakness may be attributed to how competing platforms like Solana, Sui, Cardano, and Tron have managed to offer developers a suitable alternative that allows them to scale their solutions quickly.
In the past 24 hours, the price of ETH has recovered slightly, booking a 1.4% gain to stand at $2,731 per coin.
From a technical perspective, ETH remains in a downtrend, consistently forming lower highs since its December peak.
However, the token has also established higher lows, signaling a consolidation phase where market participants are determining its fair valuation based on current conditions and network prospects.
ETH has been hovering between $2,600 and $2,800, suggesting that the market sees this range as equilibrium. However, momentum indicators hint at a potential breakout, with the Relative Strength Index (RSI) crossing above the signal line and the MACD histogram showing steadily rising green bars—both signs of strengthening bullish momentum.
A decisive break above $2,850 could trigger a move toward the upper trend line, while a confirmed breakout may push ETH to $3,320, representing a 21.8% upside.
As Ethereum gains traction, securing digital assets becomes crucial. Best Wallet offers an advanced Web3 storage solution, and its native token, $BEST, presents an early investment opportunity in this cutting-edge project.
Best Wallet Surpasses $10M in Presale as It Expands Web3 Capabilities
Best Wallet ($BEST) is a next-generation crypto wallet that supports over 60 blockchains and thousands of digital assets, offering seamless access to the evolving Web3 ecosystem.
At the core of the platform is the $BEST token, which unlocks premium features, including the Upcoming Tokens tool—an essential resource for discovering high-potential crypto ICOs before they take off.
Since launching its presale in December, Best Wallet has raised $10.2 million, fueling the development of its roadmap, which includes the launch of a decentralized exchange (DEX) to enhance trading efficiency.
To buy $BEST, visit the Best Wallet website and connect your wallet.
You can either swap your USDT, ETH, or BNB tokens or use a bank card to make your investment.
The post Ethereum’s Next Big Moment? SEC Seeks Feedback on ETH ETF Options Trading appeared first on Cryptonews.
Read More