US Sec approves Options Trading on site Etherum ETFS

The American Securities and Exchange Commission has officially approved trade in on-site options by external funds traded.

Toward noon Published 9 April, approved SEC options are related to several Etherum spots (El) ETFS, including Blackrock’s Ishereme Trust, essential Etherum ETF, Graiscale’s Etherum Trust and Etherum Mini Trust.

The options are financial instruments that enable merchants to speculate at the future price of the funds, without having it directly. In this case, investors can now trade options at Spot Etherum ETF, enabling advanced strategies such as covered calls or buffered exposure to another market cap cryptocair.

The approval is widely provided. Bloomberg ETF Analyst James Seiffart noted On K it is the approval of the Etfereum ETF option “was 100% expected.” Nate Geraci, the president of the ETF store, added that he expects to see new ETF launched options based on options in the near future.

The ETFS Sec is in the ETF, and these products have seen 2.34 billion dollars net inflows from 9. April, according to Sosaluuel data. Approval of trade in options can be united with fresh swing on the Ethers market, especially at the time when the cryptocurrency price is fighting with volatility.

Etherum finished the first quarter of 45% outplayLoss of almost $ 170 billion of market value. Due to the growing competition from the solution layer 2, the standard authorized analysts have lowed Their target price target for Etherum 10,000 to $ 4,000.

Cryptocurrency recently fell below $ 1,500 for the first time since March 2023. years, but since she refused $ 1,611 from the time to print. Looking forward, the approval of improvement in the ETF can be the next significant milestone that could help recover pricing.

The supply locking, ETFS enabled path can increase the demand for an etontom and increase its price because the adoption increases. Both New York Stock Exchange and Chicago Ploce Option submit Suggestions, with the SEC deadline for approval or rejection set for the end of October.

Now Paul Atkins Pauprioporna Paul Atkins was confirmed As the chairman of the new sec, analysts believe that the innovation of the ETF, including innovations, could speed up.