The number of crypto ETF filings is rising globally. The SEC is processing some of these filings but delaying others for various reasons. Recently, they extended the deadline for a decision on the iShares Ethereum ETF Options to April 9.
iShares is a financial services firm under BlackRock that offers ETFs. The reason for the delay in the decision is unclear. The SEC stated that they need more time to review the proposed rule change and the related issues.
Bloomberg analyst Eric Balchunas commented on the SEC’s delay regarding the BlackRock Ethereum ETF Options. He believes that the SEC will eventually approve the ETF but suggests that the approval is waiting on Paul Atkins’ confirmation.
Interestingly, the SEC has already approved BlackRock’s spot Ethereum ETF and other filings last May. The current delay seems specific to the Ether ETF Options. Nasdaq has proposed a rule change to include iShares Ethereum Trust Options, which is part of the ongoing discussions.
In a related development, the SEC has opened a public comment period for the Ethereum ETF Options filed by the Cboe BZX exchange. Cboe BZX is a subsidiary of Fidelity, similar to how iShares operates under BlackRock. This comment period will last for 21 days. The SEC will consider feedback from industry officials, traders, and others before making a decision on the proposal.
