SEC to Review Applications for Listing Three Ethereum-ETF Options

CBOE submitted an application to the U.S. Securities and Exchange Commission (SEC) for the listing of options on three spot exchange-traded funds (ETFs) based on the second-largest cryptocurrency by market capitalization.

These include:

• Grayscale Ethereum Trust ETF;
• Grayscale Ethereum Mini Trust ETF;
• Bitwise Ethereum ETF.

The agency has requested public comments. The feedback period will last 21 days following the document’s publication in the federal register.

In August 2024, the New York Stock Exchange approached the SEC with a proposal to amend rules that would allow it to list and provide trading options based on spot Ethereum-ETFs from Bitwise and Grayscale.

In November, the regulator postponed the review of the application.

In January 2025, CBOE, on behalf of ARK Invest and 21Shares, filed an application to change the structure of Bitcoin and Ethereum ETFs to permit redemption of assets in kind.

Previously, ConsenSys founder Joe Lubin suggested the “imminent” approval of staking for ETH-ETF.

Earlier, Nasdaq launched trading of options on BlackRock’s spot BTC-ETF (IBIT).

Less than two months later, open interest in IBIT derivatives reached half the level on Deribit.

Back in January, Nasdaq, on behalf of BlackRock, filed an application to change the instrument’s structure to allow redemption of assets in kind.