The U.S. SEC has approved Ethereum spot ETF options trading, involving products from institutions such as BlackRock, Bitwise, and Grayscale

According to The Block, the U.S. Securities and Exchange Commission (SEC) has approved the options trading of spot Ethereum ETFs. In an "accelerated approval" document submitted on Wednesday, the SEC stated that it had approved Nasdaq ISE, LLC's application for options trading on BlackRock's iShares Ethereum Trust. The agency also approved NYSE American LLC's proposal for options trading on Bitwise Ethereum ETF, Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust.

Bloomberg Intelligence ETF analyst James Seyffart posted on platform X that the SEC's approval of spot Ethereum ETF was expected. Nate Geraci, president of The ETF Store, said he expects issuers to launch a series of new products including covered call strategy ethereum ETFs and buffered ethereum ETFs.