# 2025-04345: Cboe BZX's Ethereum ETFs Get SEC Timeout Until May

2025-04345, Self-Regulatory Organizations; Cboe BZX 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 The Commission designated May 27, 2025 as the date by which it shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR-CboeBZX-2025-018). (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-04345
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-04345
- Title: Self-Regulatory Organizations; Cboe BZX 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 12625
- Published: 2025-03-18
- Effective: The Commission designated May 27, 2025 as the date by which it shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR-CboeBZX-2025-018).
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Cboe BZX's Ethereum ETFs Get SEC Timeout Until May

## Summary

The Cboe BZX Exchange wants to start trading options on three Ethereum-related ETFs: Grayscale Ethereum Trust, Grayscale Ethereum Mini Trust, and Bitwise Ethereum ETF. The SEC is taking extra time to review this plan and will decide by May 27, 2025. This affects investors interested in Ethereum ETFs and could open new trading opportunities soon.

## Effects PRIA read

- Proposed Options on Ethereum ETFs: benefit, low. Cboe BZX filed on February 5, 2025 (Amendment No. 1 filed February 6, 2025) a proposal to list and trade options on three ETFs: Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. If approved, those options could be listed and traded on the Exchange.
- SEC Extends Review Deadline to May 27, 2025: cost, low. The SEC extended its 45-day review period (the 45th day was April 12, 2025) and designated May 27, 2025 as the new date by which it will either approve, disapprove, or institute proceedings on the proposed rule change to list those ETF options. This delays the Commission's final action until May 27…

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## Sources
- [2025-04345 on federalregister.gov](https://www.federalregister.gov/documents/2025/03/18/2025-04345/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-designation-of-a-longer-period-for)
- [2025-04345 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-03-18/pdf/2025-04345.pdf)

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Source: PRIA, https://policyrisk.com/federal-register/2025-04345 (as of 2026-06-08).