The SEC has extended its review of Cboe's proposal to permit options trading on Ethereum-based ETFs, moving the decision deadline from October 19 to December 3. The proposal, filed in August, includes major firms like Fidelity, Invesco, and Grayscale. This follows the SEC’s approval of Ethereum ETFs in May 2024, although they have seen negative flows, unlike Bitcoin ETFs. The extension also comes after the SEC allowed options trading on BlackRock’s Bitcoin Trust, with Bitcoin ETF options potentially launching by Q1 2025. Source: DLNews