SEC Postpones Ethereum ETF Options Decision Amid Inflow Surge

• The SEC postponed the decision to allow options on the Ethereum ETF for a second time.
• The Commission will hold hearings and request more information before making a final decision.
• Ethereum ETFs have seen significant inflows recently, with notable surges in value.

This Friday, the SEC filed a document postponing the decision to allow options on the Ethereum ETF. This is already the second time the Securities and Exchange Commission has delayed that decision.

The petition issued by the American Stock Exchange (NYSE) requested the right to list and trade options on several exchange-traded funds, including Bitwise Ethereum ETF, the Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust.

On September 24 – the commission had already requested more time to evaluate the request. Following yet another postponement on November 8, the SEC claims that it will now request hearings from public personnel and entities interested in the NYSE listing before reaching a conclusion. 

The SEC claims that the self-regulatory organization proposing the rule change is responsible for providing credible information that such rules fall under the Exchange Act. Furthermore, the Commission now requests written statements from all parties, claiming that if these conditions are not met the SEC may not have enough information for approval. 

Ethereum ETFs have seen significant inflows recently, with a notable $52.3 million surge on November 6th, marking the highest inflow in six weeks. The Fidelity Ethereum Fund and Grayscale Ethereum Mini Trust led the charge, attracting $26.9 million and $25.4 million respectively.