"SEC Proposes ETH Options Trading: A New Chapter for Ethereum Investors"

The U.S. Securities and Exchange Commission (SEC) has taken a significant step towards expanding the investment options for Ethereum (ETH) by seeking public comments on a proposed rule change that would permit options trading for ETH spot ETFs. This move comes nearly a year after the SEC approved the first spot ETF for Ethereum.

The proposed rule change, filed by the Cboe Exchange, would allow options trading for ETH spot ETFs from Bitwise, iShares, and Grayscale. The filing highlights the similarities between Ethereum and Bitcoin, noting that both cryptocurrencies are already eligible for options trading on the exchange. Since their launch in July 2024, ETH-linked spot ETFs have attracted nearly $10 billion in inflows, with the iShares Ethereum Trust (ETHA) and the Grayscale Ethereum Trust ETF (ETHE) being the two largest funds, managing $3.6 billion and $3.4 billion in assets, respectively.

While Ethereum has experienced a 18% loss this year, making it the worst-performing cryptocurrency among the top five, the token has shown signs of recovery in the past 24 hours, gaining 1.4% to reach $2,731 per coin. From a technical perspective, ETH remains in a downtrend, but it has established higher lows, indicating a consolidation phase. Momentum indicators suggest a potential breakout, with the Relative Strength Index (RSI) crossing above the signal line and the MACD histogram showing steadily rising green bars. A decisive break above $2,850 could trigger a move toward the upper trend line, while a confirmed breakout may push ETH to $3,320, representing a 21.8% upside.

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