SEC Delays Ruling on Ethereum ETF Options Until December 3
- The SEC has delayed its ruling on Ethereum spot ETF options until December 3, 2024.
- Institutional interest in crypto derivatives is rising, with advisors increasingly using options in portfolios.
- Bitcoin spot ETFs saw a significant net inflow of $253.6 million, while Ethereum ETFs experienced a slight outflow.
Th wit for Ethereum spot ETF options continus s th U.S. Scuritis nd Exchng Commission (SEC) hs dlyd its ruling on proposd rul chng, ccording to n Oct. 11 filing. Th dcision, which ws xpctd by Oct. 19, hs now bn postpond to Dc. 3. This mrks yt nothr instnc of th SEC dfrring its dcision rgrding options tid to Ethereum spot xchng-trdd funds (ETFs).
SEC Delays Decision on Ethereum ETF Options
Th SECs ltst filing rvls tht th commission hs onc gin pushd bck its ruling on whthr to llow th Cbo Exchng to list options on svrl spot Ethr ETFs. This proposl sought to list options tid to svrl populr Ethereum ETFs, including industry gints lik BlckRocks iShrs Ethereum Trust ETF nd Gryscl Ethereum Trust. Th dcision to dly follows similr postponmnt in Sptmbr whn Nsdqs rqust to list options on th iShrs Ethereum Trust ws lso dfrrd.
Ths dlys r not isoltd incidnts. In Sptmbr, th SEC did giv th grn light for Nsdq to list options tid to BlckRocks Bitcoin ETF, iShrs Bitcoin Trust (IBIT). Howvr, th finl pprovls r still pnding from th Commodity Futurs Trding Commission (CFTC) nd th Options Clring Corportion (OCC), with full lunch xpctd in th first qurtr of 2025.
Jms Syffrt, n nlyst with Bloombrg Intllignc, notd tht whil Bitcoin ETF options my lunch by th nd of 2024, th first qurtr of 2025 is mor rlistic timlin. I think bfor th nd of th yr is possibl for options, but mor likly in Q1 2025, Syffrt sttd on Oct. 9.
Institutional Interest in Crypto Grows
Th potntil for crypto options is ttrcting th ttntion of trditionl finnc plyrs. Finncil dvisors, who mng significnt portion of th $9 trillion ETF mrkt, incrsingly rly on options to protct portfolios. A 2023 survy conductd by Th Journl of Finncil Plnning indictd tht ovr 10% of finncil dvisors ctivly us options in thir clint portfolios.
This trnd, combind with th rising inflows into Bitcoin spot ETFs, signls growing pptit mong institutionl invstors for rgultd crypto drivtivs. On Oct. 11, Bitcoin spot ETFs rcordd nt inflow of $253.6 million, whil Ethr spot ETFs sw smll nt outflow of $0.1 million.
Dt from Spotonchin indicts significnt nt flow rbound on th lst trding dy of th wk, following thr conscutiv dys of outflows. Th totl nt flow for Bitcoin ETFs this wk stnds t positiv $348.7 million, with inflows occurring on two out of fiv trding dys.
BlckRocks iShrs Bitcoin Trust (IBIT) mrgd s th ldr in wkly inflows, ttrcting substntil $140.7 million nd dding nt 2,229 BTC to its holdings. Th cumultiv nt inflow for IBIT now sits t n imprssiv $18.84 billion ftr 190 trding dys.
In contrst, Ethereum ETFs hv fcd toughr wk, with only $1.9 million in inflows ovr th pst fiv trding dys. Th cumultiv nt inflow for Ethereum ETFs ftr 58 trding dys stnds t -$551 million.
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Read more: https://www.tronweekly.com/sec-delays-ruling-on-ethereum-etf-options/
Text source: TronWeekly
