SEC approves ETH ETF options, faces new DOGE filing
The SEC has approved options on spot ether ETFs from major asset managers like BlackRock and Fidelity, indicating a growing interest in cryptocurrency products. This approval follows a similar one for bitcoin ETF options in October. Industry experts believe that these options will enhance liquidity and allow institutional investors to manage their exposures to ether more effectively. With the approval, we can expect many ethers-related ETF products, including those utilizing covered call strategies. Additionally, 21Shares has proposed a Dogecoin ETF alongside support from the Dogecoin Foundation, aimed at retail and institutional investors seeking non-correlated exposures. The head of 21Shares' US business highlights Dogecoin's low fees and community engagement as key advantages, positioning it as a utility asset compared to bitcoin's scarcity-driven narrative. With these developments, 2025 may see a significant expansion of crypto offerings in the market.
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