Greenlight granted for four major ETH ETF products
The U.S. Securities and Exchange Commission has approved options trading for several spot Ethereum ETFs, including those from BlackRock, Bitwise, and Grayscale. This decision follows the launch of spot Ethereum ETFs last year and marks another milestone in Ethereum’s path toward institutional adoption.
The approval applies to the iShares Ethereum Trust (via Nasdaq ISE) and to Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust (via NYSE American LLC).
New products expected to follow
Industry experts say the approval will pave the way for additional Ethereum-based products. Nate Geraci of the ETF Store predicted the rise of new variants, including covered-call and buffer ETFs.
Bloomberg ETF analyst James Seyffart also pointed out that staking could be the next frontier. Several ETF issuers have already filed for staking permissions, which could enhance returns for investors.
Ethereum price rebounds on news
After falling to $1,400 earlier in the week, Ether rebounded to $1,650 following the announcement, according to The Block’s price data. Analysts see the move as a positive signal for continued institutional interest in ETH.
