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Nasdaq has sent a notice to the Securities and Exchange Commission (SEC) proposing a rule change to allow it to list and trade options on Blackrock’s iShares Ethereum Trust (ETHA) 

In the Aug 6. filing, the proposed amendment will allow the Ether exchange-traded product (ETP) options to trade similarly to other exchange-traded funds (ETFs) on Nasdaq. One of the purposes behind the Ether ETFs is to provide investors with a lower-cost method to gain access to ETH.

 Highlighting the importance of ETH ETFs, Nasdaq explained: 

“The Exchange believes that offering options on the Trust will benefit investors by providing them with an additional, relatively lower cost investing tool to gain exposure to spot ether as well as a hedging vehicle to meet their investment needs in connection with ether products and positions.”

The filing states that the SEC has 45 days, or up to 90 days, to either approve the proposed rule changes or begin proceedings “to determine whether the proposed rule change should be disapproved.”

Requesting comments from the public, the SEC has also advised, “interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act.”

The latest filing revealed to the public has the crypto community on edge, wondering about the potential results. 

James Seyyfart, a Bloomberg analyst, confident with his prediction, said, “Final SEC decision on this from SEC likely to be around April 9th, 2025.” Meanwhile, Jake Gagin, an investor and content creator, claimed that this could boost the adoption of the ETH ETFs.

Read more: Spot Ether ETFs record nearly $100M inflows led by Blackrock’s ETHA