BlackRock Ethereum ETF Options Await SEC Approval Amid Growing Interest

• The SEC has extended its decision deadline on BlackRock’s iShares Ethereum Trust ETF options, with a final verdict expected by April 9.
• BlackRock’s Bitcoin ETF options have witnessed rapid adoption, accounting for over half of Deribit’s open interest in recent months.
• BlackRock’s ETHA ETF has gained momentum, securing $10.6 million in inflows, pushing total assets to $3.7 billion, outperforming competitors.

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on BlackRock’s iShares Ethereum Trust ETF (ETHA) options. The agency has extended the deadline to April 9, allowing more time to determine whether to approve or reject the product. 

BlackRock and Nasdaq initially submitted a proposal for options trading on the spot Ethereum ETF in August last year. The SEC stated that an extended review period is necessary before making a final ruling.

IBIT Options Show Strong Performance

The agency previously approved options trading for BlackRock’s spot Bitcoin ETF (IBIT) in September, with trading commencing in November. IBIT options have experienced rapid growth, accounting for nearly half of Deribit’s open interest last month. 

Data from Volmex indicates that IBIT options surpassed $13 billion in open interest, representing more than 55% of Deribit’s options market. This success has positioned IBIT as one of the most actively traded ETF options, rivaling products like the iShares 20+ Year Treasury Bond ETF (TLT).

Ethereum ETF Gains Market Traction

Despite an initial slow start, BlackRock’s Ethereum ETF has begun gaining traction. The product recorded $10.6 million in inflows yesterday, making it the only spot Ethereum ETF to register net positive movement. This influx has pushed ETHA’s total assets to $3.7 billion, outperforming several competing Ethereum ETFs in the market.

BlackRock’s Ethereum ETF is witnessing increased adoption, following the success of its Bitcoin counterpart. The firm has emphasized that IBIT options have quickly become a top choice for American traders, benefiting from deep liquidity and growing investor confidence. 

With the SEC’s decision now set for April 9, investors and market participants will closely watch for regulatory developments. The outcome could significantly impact Ethereum’s investment landscape, determining whether options trading for ETHA follow the same trajectory as IBIT.