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LANRE
@ridkid
The U.S. Securities and Exchange Commission (SEC) has deferred its judgment regarding options trading for several spot Ethereum ETFs until November 2024. The postponement ensues after the SEC sanctioned options trading for BlackRock's spot Bitcoin ETF, accompanied by stringent rules to mitigate market manipulation. The SEC has extended the deadlines for these funds to November 10 and 11, 2024, in accordance with Section 19(b)(2) of the Securities Exchange Act. In July 2024, BlackRock's iShares Ethereum Trust was submitted to the Nasdaq ISE exchange, although Bitwise and Grayscale made analogous submissions through NYSE American LLC. The SEC's prudent stance on Ethereum ETFs highlights the necessity of thoroughly assessing the risks and ramifications of these financial instruments prior to their approval.
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