NEWSLETTER
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The US stock and values commission. UU. It has delayed its decision on whether to approve or reject the request for CBOE Exchange to list the options on the fund quoted by ethereum Exchange of Fidelity Investments.
According to a Regulatory presentation On February 28, the SEC said it was promoting its decision on the ethereum product (eth).
According to the Federal Law of the United States, the agency has up to 60 additional days to achieve a final verdict if a decision is not made within the 180 -day initial review period. As a result, CBOE will have to wait longer before knowing if you have received the green light options contracts to list the ethereum Fidelity Fund, Ticker Feth.
In his announcement, the SEC declared that the review period was extending to allow “enough time to consider the change of proposed rule.”
CBOE first requested the regulatory approval to list the ETF Ether options on August 19, 2024. Weeks later, on September 4, 2024, the SEC published the change of rules proposed in the Federal Registry, opening it for public comments.
When is the final decision of the SEC?
As noted, the Federal Law grants the SEC until 180 days after the initial presentation of a proposed rule change to make a decision. If a decision is not reached within that period, the agency has 60 additional days, but no more, before it must approve or reject the request.
For this proposal, the timeline indicates that on March 3 it would have marked the deadline of 180 days, while on May 2, 2025 it will mark the full 240 -day review period. This means that the SEC now has until May 2, 2025 to issue its final decision.
If the regulator will wait until then it remains uncertain. However, given the recent change of the SC towards a more supportive posture, the feeling of the market is inclined optimistic.
By the time the SEC regulates the CBOE application, a final decision on another proposal of ETF ethereum options will have already made.
This is related to the deadline of April 2025 for the options in Ishares ethereum Trust of Blackrock. Nasdaq Ise submitted a request to list and market contracts linked to ETA in July 2024.
On February 7, 2025 presentationThe SEC designated on April 9, 201025 as the deadline for a final decision.
