BlackRock Files With SEC for Ethereum ETF Options
In a notable development, BlackRock, one of the world's largest asset managers and ETF issuers, has collaborated with the Nasdaq Stock Market to introduce options for its Ethereum ETF, recently approved by US regulators.
2025 Decision On Ethereum ETF Options Proposal
The filing with the US Securities and Exchange Commission (SEC) outlines BlackRock’s proposal to amend Options 4, Section 3 to allow for options trading on the iShares Ethereum ETF Trust.
Per the filing, if approved, options on the Trust will adhere to the Exchange’s existing rules for ETF options trading. These rules govern various aspects such as listing criteria, expirations, exercise prices, margin requirements, and trading halt procedures, ensuring a standardized approach to trading options on the Trust. The filing further reads:
“The Exchange believes that offering options on the Trust for trading on the Exchange will promote competition by providing investors with an additional, relatively low-cost means to hedge their portfolios and meet their investment needs in connection with spot ether prices and ether-related products and positions.”
However, Bloomberg ETF expert James Seyffart noted that the introduction of options on BlackRock’s Ethereum ETF is subject to regulatory approval not only from the SEC but also from the Options Clearing Corporation (OCC) and the Commodity Futures Trading Commission (CFTC). Seyffart expects a final decision from the SEC around April 9, 2025.
Key Levels To Watch For ETH’s Price
This development, if approved by the SEC, would give investors further exposure to the second-largest cryptocurrency on the market. However, in the near term, ETH needs bullish catalysts to break out of the downtrend witnessed, especially on Monday, when the token retraced over 20% following global economic uncertainties and increased selling pressure.
At the time of writing, ETH is trading at $2,488, up 1.8% over the past 24 hours, after plunging to a low of $2,112, a level not seen since January 2023 on Monday.
This level is key as crypto analyst Trading Tank claims that as long as ETH remains above $2,400, further price recovery could be seen in the near future for the second-largest cryptocurrency on the market. Trading Tank also highlighted the $2,575 level as crucial for another leg higher to test its first resistance to climb to higher levels at $2,690 on the ETH/USDT daily chart. In the scenario in which ETH could breach this barrier, the next hurdle to watch is noted by the $2,910 resistance level, which is imperative to reclaim the $3,000 milestone.
The daily chart shows ETH’s price consolidating above $2,400 over the past hours.
About The Author
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.
Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.
One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.
Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.
Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, his passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.
However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.
Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally, investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
