New York Stock Exchange submits listing request for Grayscale and Bitwise Ethereum ETF options.

According to the application filed by the New York Stock Exchange (NYSE) to the U.S. Securities and Exchange Commission (SEC), the exchange is seeking approval to list and trade three Ethereum ETF options from issuers Bitwise and Grayscale, aiming to increase more trading opportunities, strategies, and liquidity in the market. Application document

NYSE Applies to List Ethereum ETF Options

The New York Stock Exchange (NYSE) has submitted a request to the U.S. Securities and Exchange Commission (SEC) for approval to list and trade options based on three Ethereum exchange-traded funds (ETFs) under its umbrella, including Bitwise's ETHW, Grayscale's ETHE, and ETH.

The exchange emphasized that options trading will provide hedging and risk management solutions to hedge funds and financial planners to mitigate market volatility and meet investors' demand for more sophisticated investment strategies in Ethereum products:

Trading options on trust funds will offer investors an additional and relatively low-cost investment tool to increase additional exposure to Ethereum for their benefit.

Reportedly, NYSE has only listed the aforementioned three Ethereum spot ETFs, and comments on the proposal are expected to be submitted within the next 21 days.

A few days ago, the Nasdaq Stock Market also submitted listing and trading application documents for BlackRock's Ethereum spot ETF ETHA options, with the SEC expected to make a final decision by April 9, 2025.

BlackRock Submits Options Trading Based on ETHA to SEC

Combined ETF Assets Reach $5.6 Billion

SosoValue data shows that among the current nine Ethereum spot ETFs, ETHE, ETH, and ETHW rank first, second, and fifth in terms of assets under management, with $4.5 billion, $843 million, and $208 million respectively.

Among them, the newly launched BlackRock ETHA and Fidelity's FETH have achieved outstanding results of $870 million and $340 million, respectively, in less than two weeks.

On the other hand, the outflow rate of ETHE continues to slow down, with over $2.23 billion in outflows to date, and the outflow rate has slowed to around 24.3%.

Tech Stocks Under Pressure, Ether Plunges, Why the Rush to Sell ETHE?

However, even if the ETH ETF options are approved by the SEC, they will still need approval from the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC), and the SEC has not even approved Bitcoin spot ETF options trading, indicating that the actual listing time is still uncertain.