tl;dr
The Nasdaq International Securities Exchange has filed a proposal with the Securities and Exchange Commission to list and trade options on a trust managed by BlackRock. The proposed iShares Ethereum Trust will hold Ethereum and cash, offering investors an alternative method of gaining exposure to Et...
Nasdaq has proposed listing options on BlackRock-managed iShares Ethereum Trust, intending to expand investment tools for Ethereum in traditional financial markets. The trust assets will consist solely of Ethereum and cash, with no engagement in Ethereum proof-of-stake validation, offering a passive investment vehicle.
The move follows the SEC's recent approval of crypto ETFs, marking a shift forward for crypto products. If approved, the options will follow the same listing and trading rules as other ETFs.
The Nasdaq International Securities Exchange aims to list and trade options on a trust managed by BlackRock. The proposed iShares Ethereum Trust will hold Ethereum and cash, providing an alternative method of gaining exposure to Ethereum. The aim is to make crypto investments more accessible in traditional financial markets. If approved, the options on the trust will follow the same listing and trading rules as other ETFs.
The trust's assets will consist solely of Ethereum and cash, ensuring it remains strictly a passive investment vehicle. The move aims to broaden the range of investment tools for Ethereum and make crypto investments more accessible within traditional financial markets.
The move follows the recent approval of crypto ETFs by the SEC, marking a shift forward for such products. The regulatory nod marked a shift forward for such crypto products, which previously faced opposition and denial from the SEC for more than half a decade.
If approved, the options on the trust will follow the same listing and trading rules as other ETFs, including criteria for underlying securities, expirations, strike prices, and trading halts.