The U.S. Securities and Exchange Commission (SEC) has recently delayed its decision on BlackRock’s iShares Ethereum Trust ETF (ETHA). The new deadline for this decision is set for April 9, following BlackRock’s proposal to enable options trading for the spot Ethereum ETF in collaboration with Nasdaq.

The SEC has indicated that this extended review period is crucial for a thorough evaluation of the proposal. This comes after the SEC’s earlier approval of options trading for BlackRock’s spot Bitcoin ETF, which has seen significant success since its launch. Notably, the Bitcoin ETF options, known as IBIT, have experienced remarkable growth, with open interest surpassing $13 billion by November, making it a leading player in the ETF options market.

Despite facing initial challenges, BlackRock’s ETHA ETF has recently attracted $10.6 million in inflows, indicating a growing interest among investors. It is worth mentioning that ETHA was the only spot Ethereum ETF to show positive movement in the market yesterday, highlighting an increasing appeal for Ethereum products.

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