# 2025-04346: SEC Delays Fidelity Ethereum Options: More Review Time Needed

2025-04346, 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 Options on the Fidelity Ethereum Fund, is a Federal Register notice from Securities and Exchange Commission published 2025-03-18, effective 2025-05-14 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-04346
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-04346
- 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 Options on the Fidelity Ethereum Fund
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 12577
- Published: 2025-03-18
- Effective: 2025-05-14
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Delays Fidelity Ethereum Options: More Review Time Needed

## Summary

The Cboe BZX Exchange wants to start offering options on the Fidelity Ethereum Fund, but the SEC needs more time to decide. Instead of deciding by March 30, 2025, the SEC pushed the deadline to May 14, 2025, to carefully review the proposal. This affects investors interested in new Ethereum-related options and could open up fresh trading opportunities soon.

## Effects PRIA read

- SEC extends decision to May 14, 2025: cost, low. The SEC pushed back its deadline to decide whether Cboe BZX can list options on the Fidelity Ethereum Fund. Instead of deciding by March 30, 2025, the Commission set a new deadline of May 14, 2025. Investors who want to trade those new Ethereum-related options will need to wait until the SEC acts.

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## Sources
- [2025-04346 on federalregister.gov](https://www.federalregister.gov/documents/2025/03/18/2025-04346/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-designation-of-a-longer-period-for)
- [2025-04346 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-03-18/pdf/2025-04346.pdf)

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Source: PRIA, https://policyrisk.com/federal-register/2025-04346 (as of 2026-06-08).