The US Securities and Exchange Commission (SEC) has delayed a decision regarding whether to allow Cboe BZX Exchange to list options connected to Fidelity’s Ether (FETH) exchange-traded fund (ETF). The SEC now has until May 14 to approve or disapprove this request. Cboe BZX initially filed to list these options in January. The listing of options on Ether funds is viewed as a crucial step in attracting institutional investments in cryptocurrency. Fidelity’s FETH currently boasts around $780 million in net assets, making it one of the more popular Ether ETFs. This ruling follows the SEC's previous delays on similar requests from other exchanges, including Nasdaq ISE. Meanwhile, the SEC is expected to decide shortly on options tied to BlackRock’s iShares Ethereum Trust, which is the largest ETH ETF with over $3.7 billion in net assets. In total, spot Ether ETFs have successfully accumulated nearly $7 billion in net assets since their introduction in July 2024.

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