The American Securities and Exchange (SEC) commission approved the NASDAQ and CBOE proposals to list and exchange options on the Ethereum (ETH) (ETH) (ETH) (ETH) (ETH) (ETH) funds) (ETF) funds, according to the documents of April 9.
The orders were granted for Ishares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH) following an examination process which included modifications, public comments and a regulatory justification for the lists of new products under article 19 (B) of the SECURITIES EXCHANGE ACT of 1934.
Contracts to offer an American style exercise and standard regulations
The two deposits approved the options with the American style exercise and the physical rules. Approved contracts adhere to the existing registration rules applicable to ETF options, including margin, strike intervals, series expiration cycles and minimum trading increments.
The ETHA and Feth options will be subject to a position of 25,000 contracts and to an exercise limit per side of the market, as well as the options for the FNB Bitcoin (BTC) were approved last year.
The NASDAQ and CBOE highlighted the conservative nature of the PAP of 25,000 contracts, which was derived from a comparative analysis with other ETFs and trusts based on basic products.
In addition, the NASDAQ noted that the notional risk of a maximum position in ETHA would represent less than 0.03% of the capitalization of the Ethereum market and less than 4.4% of the shares in circulation of the trust. CBOE compared the limits proposed to those defined for Bitcoin -based ETFs and basic products structured in a similar way.
The approvals follow a previous game for the options ETF Bitcoin Spot, which received authorization from the SEC on September 23, 2024 and began to negotiate in November 2024.
As happened last year, trading requirements of other transmitters are likely to be approved, trading starting the same week as Etha and Feth.
