Picture this: the SEC, in a stunning display of bureaucratic agility, just gave the green light to options trading for a handful of spot Ether ETFs, thereby sending investors into a frenzy of head-scratching excitement š¤Æ. On April 9, after an oh-so-thorough review of Nasdaqās proposed rule shift, our friends at Americaās favorite alphabet-soup agency kindly nodded their heads in approval for BlackRockās iShares Ethereum Trust (ETHA).
Not wanting anyone to feel left out, the SEC also offered a friendly thumbs-up to Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE ā for the overachievers among us), Grayscale Ethereum Mini (ETH Mini, because smaller sometimes is better), and Fidelity Ethereum Fund (FETH, which Iām sure will roll off the tongue eventually). They even proclaimed that these newfangled Ether options would provide a cheaper way to dabble in crypto ā presumably for those of us who donāt appreciate a second mortgage just to buy Ether.
Meanwhile, Bloomberg analyst James Seyffart, apparently unimpressed by the novelty of deadlines, tweeted something to the tune of āObligatory shock: Ethereum ETF options approved. So shocking we all expected it.ā
By the way, for those who love price rollercoasters, Ether briefly slumped to a downright depressing $1415, only to catapult to $1595 after the big announcement. (My personal guess is that Ether just wanted some dramatic flair.) In a completely unrelated but weirdly timed maneuver, President Trump paused reciprocal tariffs for 90 days, exempting China because, hey, why not make the global markets do one more double take?
All this comes in the midst of the SEC undergoing some existential soul-searching ā or just a policy revamp ā under President Trump. Ever since he took office, the commission seems to have embraced the ālive and let Bitcoin & Ether thriveā mantra. Donāt believe me? Try reading about Paul Atkinsās freshly minted stint as SEC Chair, courtesy of the U.S. Senate (shocking spoiler alert: he got confirmed).
And there you have it: regulations, price jumps, and a 90-day tariff time-out that apparently excludes the worldās biggest exporter. If that doesnāt sound like a Bill Bryson travel guide to economic policy, I donāt know what does. š¤
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2025-04-10 11:51