BlackRock and Nasdaq apply to launch Ethereum spot ETF options trading

The Nasdaq Exchange and BlackRock plan to launch options based on Ethereum spot ETFs. In a document posted on the website of the U.S. Securities and Exchange Commission (SEC) on Tuesday, BlackRock and Nasdaq proposed rule changes for listing and trading iShares Ethereum Trust (ETHA) options. The document states: "The exchange believes that offering this option will benefit investors as it provides them with a relatively low-cost investment tool, helping them gain exposure to spot Ethereum while also providing them with a hedging tool to meet their investment needs for Ethereum products and positions." Comments on the proposal will be submitted within 21 days.

Bloomberg analyst James Seyffart tweeted that the SEC may make a final decision on the proposal in early April 2025. According to previous news, nine Ethereum spot ETFs including BlackRock were approved in May this year and began trading last month.