Grayscale, Bitwise, and NYSE Propose Allowing Options Trading for Ethereum ETFs

Grayscale and Bitwise have jointly submitted a rule change proposal to the U.S. Securities and Exchange Commission (SEC) through the New York Stock Exchange, proposing to allow trading of options for Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust. The filing states that these options will provide investors with an additional, relatively low-cost investment tool, as well as a hedging tool to meet investors' demand for Ethereum products and positions. Public comments on the proposal will expire in 21 days. Several companies are also seeking trading approval for spot Bitcoin ETF options but have not yet been approved. (TheBlock)