SEC postpones ruling on Fidelity Ether ETF options
The US Securities and Exchange Commission has postponed ruling on whether or not to permit Cboe BZX Exchange to list options tied to asset manager Fidelity’s Ether (ETH) exchange-traded fund (ETFs).
The agency has given itself until May 14 to approve or disapprove of Cboe BZX’s request to list options tied to Fidelity Ethereum Fund (FETH), according to a March 12 SEC filing.
Cboe BZX initially requested to list options on Fidelity’s Ether ETFs in January, the filing said.
Listing options on Ether funds is an important step in attracting institutional capital to the cryptocurrency.
Ether ETFs by net assets. Source: VettaFi
Related: SEC acknowledges slew of crypto ETF filings as reviews, approvals accelerate
Flurry of filings
In February, the SEC acknowledged more than a dozen exchange filings related to cryptocurrency ETFs, according to records.
The SEC’s acknowledgments highlight how the agency has softened its stance on crypto since US President Donald Trump started his second term on Jan. 20.
On March 11, Cboe BZX asked regulators for permission to incorporate staking into Fidelity’s Ether ETF. Staking is not yet permitted by any publicly traded US Ether fund.
Staking Ether enhances returns and involves posting ETH as collateral with a validator in exchange for rewards.
Fidelity’s FETH is among the more popular Ether ETFs, with around $780 million in net assets as of March 12, according to data from VettaFi.
In February, the SEC delayed deciding on similar rule changes proposed by Nasdaq ISE and Cboe’s affiliate, Cboe Exchange — both US-based securities exchanges.
The agency intends to decide by April if Nasdaq can list options tied to BlackRock’s iShares Ethereum Trust (ETHA).
BlackRock’s fund is the largest ETH ETF, with more than $3.7 billion in net assets, VettaFi’s data shows.
It will rule on Cboe Exchange’s bid to list options on Fidelity’s Ether fund in May.
Spot Ether ETFs were listed in July 2024 and have proceeded to attract nearly $7 billion in net assets, according to VettaFi’s data.
Options are contracts granting the right to buy or sell — “call” or “put,” in trader parlance — an underlying asset at a certain price.
Magazine: MegaETH launch could save Ethereum… but at what cost?
The comments from European Central Bank head Christine Lagarde drew overwhelming backlash from the crypto community and political influencers.
BNM’s tokenization roadmap aims to focus on real-world use cases such as SME supply chain financing, Shariah-compliant Islamic products, green finance and 24/7 cross-border payments.
A Reform UK councillor has defected to the Tories after becoming “uncomfortable” with Nigel Farage’s party.
James Buchan said he wanted to be able to “look my family in the eye and say, ‘that’s not who I am'” after his former party announced plans to scrap indefinite leave to remain.
The Dartford Borough councillor, who won his seat for Reform in a by-election in July, said the policy creates a “huge amount of fear and anxiety”.
He also accused the party of having “a pretty unfortunate way of treating people”.
Read more: What is indefinite leave to remain?
James Buchan. Pic: Dartford Borough Council
In a statement, Mr Buchan said: “I stood for election with the sole aim of working for my community and getting things done for local families.
“Having had the opportunity to see Reform from the inside, I’ve concluded that the party doesn’t really have the experience or ambition to do that.”
He said “relying on rhetoric and slogans isn’t going to help real families in communities” like his and “the more I saw of Reform UK, the more uncomfortable I felt to be part of it”.
“Things like a proposal to remove indefinite leave to remain from all non-EU residents who are working here perfectly legally is an example that could be devastating for decent people who have built a life here and contribute to our country,” he added.
Read more from Sky News:
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Earlier this year Reform announced it would axe indefinite leave to remain and replace it with new visas that would require migrants to reapply to live in the UK as part of plans to tighten immigration.
Conservative council leader Jeremy Kite welcomed Mr Buchan, who represents the Stone House ward, to the party.
“James knows that getting elected isn’t about power, it’s about service and being supportive of people,” he said.
A Reform source told the PA news agency: “He got elected in July 2025 as a Reform councillor. He should resign his seat but he won’t because he knows he will lose under the Tory banner.
“We look forward to winning this seat back as soon as possible.”
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