US SEC approves options trading for Ethereum spot ETF

The U.S. Securities and Exchange Commission (SEC) has approved Ethereum (ETH) spot ETF options trading. On the 9th (local time), the SEC approved asset management company BlackRock's iShares
The ICO approved the listing of options for the Bitcoin Ethereum Trust ETF (ETHA). Options are used as a hedge to minimize losses in a falling market.
It is analyzed that this could be attractive to institutional investors who manage gold. Cointelegraph, a media outlet specializing in crypto assets, said, "This approval will further increase Ethereum's investment appeal.
As of 11:30 a.m. on the 10th, Ethereum was trading at $1,642 on CoinMarketCap, up 14.16% from the same time the previous day.