The US Securities and Exchange Commission (SEC) has delayed the approval of Ethereum exchange-traded fund (ETF) options until April 2025. The delay was in response to a filing made by Nasdaq in July last year seeking regulatory approval to lost options contracts for the iShares Ethereum Trust (ETHA).
This delay comes months after the regulator approved several Bitcoin ETF options. These products are crucial for boosting institutional adoption around Ethereum, given that spot ETH ETFs have already attracted nearly $10 billion in net assets, equivalent to 3% of Ethereum’s market capitalization.
