tl;dr
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on approving options for BlackRock's iShares Ethereum Trust ETF (ETHA) and will make a decision by April 9. BlackRock's spot Bitcoin ETF options, which were approved by the SEC in September, have been very successful, with op...
SEC postpones decision on approval of options for BlackRock's iShares Ethereum Trust ETF (ETHA) until Apr. 9. BlackRock's spot Bitcoin ETF options trading greenlit by SEC; IBIT options become significant success with $13 billion open interest. BlackRock's IBIT options experience rapid liquidity increase, emerging as top alternative for American traders.
Shiba Inu (SHIB) Death Cross looms, XRP recovery possible, and potential Ethereum (ETH) comeback to $3,000.
BlackRock's ETHA records $10.6 million inflows, becomes top spot Ethereum ETF with $3.7 billion in total assets.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on approving options for BlackRock's iShares Ethereum Trust ETF (ETHA) and will make a decision by April 9. BlackRock's spot Bitcoin ETF options, which were approved by the SEC in September, have been very successful, with open interest topping $13 billion and accounting for roughly half of Deribit's open interest last month. BlackRock's ETHA recorded $10.6 million worth of inflows and now has a total of $3.7 billion in total assets, outperforming several competing products.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the approval of options for BlackRock's iShares Ethereum Trust ETF (ETHA). BlackRock and Nasdaq proposed a rule change that would make it possible to trade options for its spot Ethereum ETF last August. The SEC will now have to decide whether the options can be approved by Apr. 9.
Shiba Inu (SHIB) Death Cross Looms on Horizon, XRP Recovery Possible: Here's How, Can Ethereum (ETH) Come Back to $3,000? Decision on BlackRock Ethereum ETF Options Delayed by SEC. Bitwise Exec: 'Professional Investors Are Extraordinarly Bullish'. Michael Saylor Reacts to Bitcoin Topping $100,000 With ‘Strategy for Success’ Tweet. The agency stated that a long period would be appropriate to either greenlight or block the aforementioned product.
The SEC greenlit options trading for BlackRock's spot Bitcoin ETF last September. These options became available for trading in November. IBIT options ended up being a significant success, growing at a rapid pace, accounting for roughly half of Deribit's open interest last month. According to data provided by Volmex, the open interest (OI) recorded by IBIT options topped $13 billion, surpassing 55% of Deribit's options OI. In fact, IBIT became one of the most active ETF options markets shortly after its launch, rivaling the likes of iShares 20 Year Treasury Bond ETF (TLT).
As noted by the firm, BlackRock's product has experienced "massive adoption" within just several months since its launch. IBIT options are experiencing a fast increase in liquidity and overall interest. It has now emerged as the top alternative for American traders.
After an underwhelming start, BlackRock's ETHA recorded $10.6 million worth of inflows. Yesterday, it was the only spot Ethereum ETF product in the green. ETHA now has a total of $3.7 billion in total assets, substantially outperforming several competing products.