SEC Approves Ethereum ETF Options, Price Soars 14%

The U.S. Securities and Exchange Commission (SEC) has granted approval for options trading on spot Ethereum exchange-traded funds (ETFs), including those managed by BlackRock, Bitwise, and Grayscale. This move follows the SEC's previous approval of Bitcoin ETF options and comes after a period of regulatory review and public commentary. The options provide investors with a tool to hedge or gain exposure to Ethereum without owning the digital asset directly. The Ethereum price has seen a significant increase, rising over 14% following the SEC's decision and a temporary pause on tariffs announced by former President Trump. Experts predict a rise in new ETF launches as the market adapts to this expanded trading capability.