US regulators such as the US Securities and Exchange Commission and the SEC approved spot bitcoin ETFs earlier this year. Since then, the issue of Spot Ether ETF approval has come up again. Now the US Securities and Exchange Commission authorities are reviewing a request to list the first options linked to spot ether. It is likely to allow and exchange-traded funds (ETFs) on the NYSE American's securities exchange. And if approved, how many companies will they be allowed to list as alternatives? For example, the NYSE will be authorized to list options on the Bitwise Ethereum ETF, Grayscale Ethereum Trust, Grayscale Ethereum Mini Trust (ETH), and any trust that holds ether if they are approved.
[source](https://pixabay.com/photos/etf-scrabble-tiles-typography-8282274/)
The approval of spot ETFs is generally regulated by the US SEC. They are usually approved according to their decision. Their recent decision on the matter is the latest sign that the company is softening its stance on cryptocurrency products. Moreover, another important thing here is that Donald Trump, who is a crypto-friendly president, was re-elected in the US election that was held on the last five days and he had already announced that if he is elected president, he will make New York City the crypto capital of the world. However, these applications were approved last September and October. While the US regulator approved applications from three exchanges – NYSE American, Nasdaq, and Cboe Exchange – to trade 11 bitcoin options.
All three exchanges submitted their request to the US regulator SEC last August to approve ETH ETF options. They sought permission from the US regulatory body to approve ETH ETF options. The head of alpha strategy of BitWise Invest expressed his personal opinion about this through a tweet on his current X and former Twitter account. As he said in his X post, the listing of BTC options on a regulated US exchange would mark a monumental advance in the cryptocurrency market. Even there he wrote that if these are implemented then it will be a very attractive opportunity for investors.
Even if these are implemented, exchanges will still need signoffs from two other regulatory agencies, the Commodity Futures Trading Commission and the Options Clearing Corporation, to begin trading. But last month the SEC delayed making a decision on a proposed rule change. But the US firm last month allowed an exchange such as Cboe to list options linked to several popular spot ETH funds. But the situation has changed now that Malkin has elected Donald Trump as president, giving a green light to more than half a dozen proposed crypto ETFs awaiting regulatory approval for listing in the United States. But on the eve of the presidential election, the SEC began reviewing Grayscale's request to list the first ETF to hold a diverse basket of cryptocurrencies, including various altcoins.
