# 2025-04344: SEC Puts Ethereum Options on Hold: Crypto Traders Wait Longer

2025-04344, Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Options on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF, is a Federal Register notice from Securities and Exchange Commission published 2025-03-18, effective 2025-05-25 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-04344
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-04344
- Title: Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Options on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 12587
- Published: 2025-03-18
- Effective: 2025-05-25
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Puts Ethereum Options on Hold: Crypto Traders Wait Longer

## Summary

The Cboe Exchange wants to start trading options on three Ethereum-related ETFs, including the Grayscale Ethereum Trust and Bitwise Ethereum ETF. The SEC is taking extra time to review this plan, pushing their decision deadline from April 10 to May 25, 2025. This affects investors interested in Ethereum options and could open new ways to trade crypto-linked funds.

## Effects PRIA read

- Proposed Options on Ethereum ETFs: benefit, low. On February 5, 2025, Cboe filed a proposed rule change to list and trade options on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF, and filed Amendment No. 1 on February 6, 2025. The SEC published the filing on February 24, 2025 and has set May…

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## Sources
- [2025-04344 on federalregister.gov](https://www.federalregister.gov/documents/2025/03/18/2025-04344/self-regulatory-organizations-cboe-exchange-inc-notice-of-designation-of-a-longer-period-for)
- [2025-04344 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-03-18/pdf/2025-04344.pdf)

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Source: PRIA, https://policyrisk.com/federal-register/2025-04344 (as of 2026-06-08).