The decision on whether to approve Ethereum spot market exchange-traded fund (ETF) options by the US Securities and Exchange Commission (SEC) has been postponed.
The regulatory agency states that it is delaying its decision in order to gather more public feedback and expert input on the potential consistency of the change with existing securities laws.
No specific date has been given for the decision.
The SEC has decided to initiate a process for further analysis of the proposed rule change’s alignment with the law, which requires that the rules of national securities exchanges be designed to prevent fraudulent and manipulative practices, promote fair trading principles, eliminate obstacles to a free and open market, and safeguard investors and the public interest in general.
In October, the SEC approved options ETFs for Bitcoin (BTC) by the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE).
This decision was based on the recent approval of the Nasdaq to list options on the iShares Bitcoin Trust (IBIT), which showed positive results.
