Grayscale, Bitwise, and NYSE Propose Allowing Ethereum Spot ETF Options Trading

Foresight News reported that Grayscale and Bitwise jointly submitted a rule change proposal to the U.S. Securities and Exchange Commission (SEC) through the New York Stock Exchange, suggesting the trading of options for Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust. The document indicates that these options will provide investors with an additional, relatively low-cost investment tool, serving as a hedge to meet investors' demand for Ethereum products and positions. Comments on the proposed document will be submitted within 21 days. Several companies are also seeking approval for trading Bitcoin spot ETF options but have not yet been approved.