The US Securities and Exchange Commission (SEC) is inviting public comments on a proposal from New York Stock Exchange (NYSE) American LLC to list and trade options on Bitwise and Grayscale‘s spot Ethereum exchange-traded funds (ETFs), according to an Aug. 7 filing.
The SEC stated:
“The Exchange proposes to amend Rule 915 to permit the listing and trading of options on the Bitwise Ethereum ETF, the Grayscale Ethereum Trust (ETH), the Grayscale Ethereum Mini Trust, and any trust that holds ether.”
Options are derivatives that provide the right, but not the obligation, to buy or sell an asset, such as a stock or ETF, at a set price by a specified date. They offer a cost-effective way to increase purchasing power and are commonly used by institutional investors to manage risk.
NYSE argues that adding options on ETH ETFs will offer investors an economical means to gain exposure to spot Ethereum. It also suggested that these options will provide a valuable hedging tool for managing ri
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