Nasdaq BX Rolls Out Options for Five Ethereum Trusts
Published Date: 4/17/2025
Notice
Summary
Nasdaq BX just gave the green light to list options on five popular Ethereum funds, including iShares and Grayscale trusts. This means investors can now trade options on these crypto-related funds right on the exchange, with new rules to keep trading fair and limits in place. The change took effect immediately on April 9, 2025, opening fresh opportunities for traders and investors alike.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
25,000-Contract Limits for Ether Options
Nasdaq BX set position and exercise limits of 25,000 contracts for options on each of these funds: iShares Ethereum Trust, Fidelity Ethereum Fund, Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust. The rule amendment applies to options on each Ether Trust and mirrors the 25,000-contract limits referenced in the Ether approval orders.
BX Authorized to List Ether Fund Options
Nasdaq BX amended its rules so the Exchange may list and trade options on five Ethereum-related funds: iShares Ethereum Trust; Fidelity Ethereum Fund; Bitwise Ethereum ETF; Grayscale Ethereum Trust; and Grayscale Ethereum Mini Trust. The Commission waived the 30-day delay and the change became operative on April 9, 2025, allowing trading to begin immediately under the new rules.
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Previous: 2025-06499 — Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 402, Criteria for Underlying Securities, Exchange Rule 307, Position Limits, and Exchange Rule 309, Exercise Limits To Allow the Exchange To List and Trade Options on the Fidelity Ethereum Fund
Starting now, the Miami International Securities Exchange (MIAX) will let traders buy and sell options on the Fidelity Ethereum Fund, a new type of investment tied to Ethereum. This change updates the rules about what can be traded, how many options a person can hold, and how many can be exercised. Investors and traders should get ready to explore these fresh opportunities with no delay!
Next: 2025-06501 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Rules To Allow the Exchange To List Options on the Fidelity Ethereum Fund, the Bitwise Ethereum ETF, the Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust
Nasdaq ISE just got the green light to list options on four popular Ethereum funds and trusts, including Fidelity and Grayscale. This means investors can now trade options on these crypto-related funds right on the exchange, starting immediately. It’s a big win for anyone looking to add some Ethereum flavor to their trading game with new, official options.