The U.S. Securities and Exchange Commission has approved options trading on Ethereum exchange-traded funds. Filings on Wednesday show that the regulator approved trading options for BlackRock’s iShares Ethereum Trust, along with the Bitwise Ethereum ETF and Grayscale’s Ethereum Trust and Ethereum Mini Trust. The Ethereum ETFs allow investors to gain exposure to digital assets without the need to buy and store the virtual coin themselves. Options give investors the right to buy or sell an asset at a predetermined price by a set date.
Crypto options are popular because they allow investors to gain exposure to the performance of an asset, rather than just investing in it. Traders are able to bet on the future price of a digital coin, and the market for doing so is much bigger than the spot one. Options trading on ETFs adds more liquidity to the crypto investment space, experts previously told Decrypt. The regulator last year approved Ethereum ETFs just months after giving their Bitcoin counterparts the green light. The SEC also approved options trading on the Bitcoin funds.
Coinbase has confirmed that customer contact information and limited transaction data were exposed following a…
Utah Attorney General Derek Brown has filed 14 criminal charges against prediction market platform Kalshi…
Polygon Labs and the Solana Foundation have announced a major partnership to connect Solana's rapidly…
South Korean cryptocy exchange Bithumb has confirmed a cybersecurity breach that exposed sensitive personal information…
Georgia Secretary of State Brad Raffensperger has confirmed that an artificial intelligence agent developed by…
Google Cloud has introduced Google Multi-Party Compute (MPC), a new cryptocy custody security platform designed…